Question: Dennison Service Corporation had no treasury stock at the beginning

Dennison Service Corporation had no treasury stock at the beginning of the year. During January, Dennison purchased 23,500 shares of treasury stock at $18 per share. In April, Dennison sold 6,000 of the treasury shares for $20 per share. In August, Dennison sold the remaining treasury shares for $17 per share.

Required:
Prepare journal entries for the January, April, and August treasury stock transactions.

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  • CreatedSeptember 22, 2015
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