Question: Refer to the information for Dao Company in SE8 On

Refer to the information for Dao Company in SE8. On October 28, 2014, Dao retired the remaining 700 shares of treasury stock. The shares were originally issued at $5 per share. Prepare the necessary journal entry.
In SE8. Prepare the journal entries necessary to record Dao Company’s following stock transactions during 2014:
Oct. 1 Purchased 2,000 shares of its own $2 par value common stock for $20 per share, the current market price.
17 Sold 500 shares of treasury stock purchased on October 1 for $25 per share.
21 Sold 800 shares of treasury stock purchased on October 1 for $18 per share.


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  • CreatedMarch 26, 2014
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