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On january 2. Liberty Corporation was authorized to issue 240,000 shares of $5 par value...

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Accounting

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On january 2. Liberty Corporation was authorized to issue 240,000 shares of $5 par value common stock. Liberty issued 48,000 shares of common stock on January 15 at $15 per share. Required a. Record the entry on June 30 for purchase of 5,280 common shares for the treasury at $18 per share. b. Record the entry on September 20 for sale of 1,920 treasury shares at $21 per share. c. Record the entry on November 3 for sale of 1.200 treasury shares at $17 per share. d. Record the entry on December 15 for sale of 960 treasury shares at $13 per share. e. Determine the number of shares issued and the number of shares outstanding on the following dates (after transactions have been recorded): june 30: September 20: November 3; and December 15

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