Business, 06.05.2021 19:00 Jasten

common Stock, $10 par value $1,700,000 Paid-in Capital in Excess of Par 400,000 Retained Earnings 300,000 Total Stockholders' Equity $2,400,000 The company uses the cost method to account for treasury stock transactions. During 2020, the following treasury stock transactions occurred: (a) April 1 Purchased 15,000 shares at $20 per share. (b) August 1 Sold 5,000 shares at $24 per share. (c) October 1 Sold 5,000 shares at $18 per share. Instructions Journalize the treasury stock transactions for 2020. (6 points)

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common Stock, $10 par value $1,700,000 Paid-in Capital in Excess of Par 400,000 Retained Earnings 30...

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