Recording and Analyzing Treasury Stock Transactions LO11-3 During the year the following selected transactions affecting stockholders' equity occurred for Orlando Corporation: a. Apr. 1 Repurchased 200 shares of the company's own common stock at $20 cash per share. b. Jun. 14 Sold 40 shares of the shares purchased on April 1 for $25 cash per share. c. Sept. 1 Sold 30 shares of the shares purchased on April 1 for $15 cash per share. Required:Prepare journal entries for each of the above transactions. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.