Question

Record in T accounts the following stock transactions of Santiago Corporation, which represent all its treasury stock transactions for the year:
June 1 Purchased 1,000 shares of its own $15 par value common stock for $35 per share, the current market price.
10 Sold 250 shares of treasury stock purchased on June 1 for $40 per share.
20 Sold 350 shares of treasury stock purchased on June 1 for $29 per share.
30 Retired the remaining shares purchased on June 1. The original issue price was $21 per share.



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  • CreatedSeptember 10, 2014
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