On April 2 acorporation purchased for cash 5,000 shares of its own $12 parcommon...On...

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Accounting

On April 2 acorporation purchased for cash 5,000 shares of its own $12 parcommon stock at $29 per share. It sold 3,000 of the treasury sharesat $32 per share on June 10. The remaining 2000 shares were sold onNovember 10 for $25 per share.
a.Journalize the entries to record the purchase (treasury stock isrecorded at cost).
Apr. 2
b.Journalize the entries to record the sale of the stock. If anamount box does not require an entry, leave it blank.
Jun. 10
Nov. 10

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All working forms part of the answer Requirement a Date Accounts title Debit Credit Working Apr02 Treasury Stock 14500000 5000 See Answer

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In: AccountingOn April 2 acorporation purchased for cash 5,000 shares of its own $12 parcommon...On April 2 acorporation purchased for cash 5,000 shares of its own $12 parcommon stock at $29 per share. It sold 3,000 of the treasury sharesat $32 per share on June 10. The remaining 2000 shares were sold onNovember 10 for $25 per share.a.Journalize the entries to record the purchase (treasury stock isrecorded at cost).Apr. 2b.Journalize the entries to record the sale of the stock. If anamount box does not require an entry, leave it blank.Jun. 10Nov. 10