Question

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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