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Little Twinkle Enterprises issued 400,000 shares of its $1 par common stock for $13 during...

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Accounting

Little Twinkle Enterprises issued 400,000 shares of its $1 par common stock for $13 during its first year of operations in 2020. In 2021, Little Twinkle completed the treasury stock transactions listed below. January 1: Reacquired 9,000 shares at $16. May 1: Sold 3,000 shares at $19. October 1: Sold 5,000 shares at $10. Under the cost method of accounting for treasury stock, the October 1, 2021 sale

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