Sprinkle Inc. has outstanding 10,000 shares of 10 par value ordinary shares. On July 1, 2015, Sprinkle

Question:

Sprinkle Inc. has outstanding 10,000 shares of €10 par value ordinary shares. On July 1, 2015, Sprinkle reacquired 100 shares at €87 per share. On September 1, Sprinkle reissued 60 shares at €90 per share. On November 1, Sprinkle reissued 40 shares at €83 per share. Prepare Sprinkle’s journal entries to record these transactions using the cost method.

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