Treasury stock transaction-nature corporation engaged in, Ask an Expert

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Treasury Stock Transaction

Nature corporation engaged in the folloiwing treasury transactions during current year.

Aug 25 - Purchased 4,000 shares of treasury stock at $50 per share.

Oct 10 - Reissued 1,500 shares of treasury stock acquired on Aug 25 at price of $58 per share.

Dec 15 - Reissued 1,000 shares of treasury stock at $46 per share

Required:

Complete three journal entries to record these treasury stock transactions.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9276227

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