Question

Record in T accounts the following stock transactions of Gorce Company, which represent all of the company’s treasury stock transactions for the year:
May 5 Purchased 3,200 shares of its own $2 par value common stock for $40 per share, the current market price.
17 Sold 1,200 shares of treasury stock purchased on May 5 for $44 per share.
21 Sold 800 shares of treasury stock purchased on May 5 for $40 per share.
28 Sold the remaining 1,200 shares of treasury stock purchased on May 5 for $38 per share.



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  • CreatedSeptember 10, 2014
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