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  3. metlock inc. has outstanding 12,800 shares of $10

Metlock Inc. has outstanding 12,800 shares of $10 par value common stock. On July 1,...

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Accounting

Metlock Inc. has outstanding 12,800 shares of $10 par value common stock. On July 1, 2017, Metlock reacquired 100 shares at $86 per share. On September 1, Metlock reissued 61 shares at $94 per share. On November 1, Metlock reissued 39 shares at $83 per share. Prepare Metlocks journal entries to record these transactions using the cost method.

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