Question

On February 15, 2011, Spring Hope Corporation repurchases 1,200 shares of its outstanding common stock for $7 per share. On March 1, 2011, Spring Hope sells 300 shares of treasury stock for $11 per share. On May 18, 2011, Spring Hope sells the remaining 900 shares of its treasury stock for $4 per share.

Required:
Prepare the journal entries to record these transactions.


$1.99
Sales2
Views110
Comments0
  • CreatedSeptember 22, 2015
  • Files Included
Post your question
5000