Homework Answers
Answer
--Journal entries asked
| Date | Accounts title | Debit | Credit |
| Mar-01 | Treasury Stock (10000 shares x $ 15) | $150,000 | |
| Cash | $150,000 | ||
| (to record re acquisition) | |||
| Jun-01 | Cash (4000 shares x $ 17) | $68,000 | |
| Treasury Stock (4000 shares x $ 15) | $60,000 | ||
| Paid in Capital from Treasury Stock | $8,000 | ||
| (to record re issue) | |||
| Sep-01 | Cash (3000 shares x $ 14) | $42,000 | |
| Paid in Capital from Treasury Stock | $3,000 | ||
| Treasury Stock (3000 shares x $ 15) | $45,000 | ||
| (to record re issue) |
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