On Mar 1, 2017, Alpha Company purchased 50,000 shares of its own stock that was...
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Accounting
On Mar 1, 2017, Alpha Company purchased 50,000 shares of its own stock that was previously issued to investors and paid $15 per share. On July 1, 2017 Alpha sold 10,000 of the treasury shares for cash at $17 per share. On Sept 1, 2017 Alpha sold 8,000 treasury shares for cash at $12 per share.
Use the information above to prepare Alpha Company's general journal entries for the treasury transactions.
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