Question: Prepare in journal form the entries necessary to record the following stock transactions of the Seoul Company during 2011: Oct. 1Purchase 2,000 shares of its

Prepare in journal form the entries necessary to record the following stock transactions of the Seoul Company during 2011:

Oct. 1Purchase 2,000 shares of its own $2 par value common stock for $20 per share, the current market price.

17Sold 500 shares of treasury stock purchases on October 1 or $25 per share.


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