Treasury Stock Transactions: Complete journal entries
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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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Solution Summary
The expert examines treasury stock transactions for complete journal entries.
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