On January 24, Thunderstorm Inc. reacquired 6,000 shares of its common stock at $18 per share. On

Question:

On January 24, Thunderstorm Inc. reacquired 6,000 shares of its at $18 per share. On March 15, Thunderstorm sold 4,500 of the reacquired shares at $21 per share. On June 2, Thunderstorm sold the remaining shares at $17 per share.
Journalize the transactions of January 24, March 15, and June 2.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...