Question

Entries for Treasury Stock On May 27, et loose Inc reacquired 4,700 shares of its common stock at $43 per share On August 3, Let Loose sold 3,000 of the racquired shares at $46 per share. November 14, Let Loose sold the remaining shares at $42 per share Journaise the transactions of May 27, August 3, and November 14 for a comsund transaction fan amount box does not require an entry leave it blank May 27 Treasury Stock Cash A ) Cash Treasury Stock Paid-in Capital from Sale of Treasury Stock Paid In Capital from Sale of Treasury Stock Treasury Stock

Answer 1

May 27	Treasury stock (4,700*$43)	$202,100
	Cash		$202,100
Aug. 3	Cash (3,000*$46)	$138,000
	Treasury stock (3,000*$43)		$129,000
	Paid in capital from sale of treasury stock		$9,000
Nov. 14	Cash (1,700*$42)	$71,400
	Paid in capital from sale of treasury stock	$1,700
	Treasury stock (1,700*$43)		$73,100