Question: Exercise 10-65 (Algorithmic) Treasury Stock Transactions Ebenezer Consulting had no treasury stock at the beginning of the year. During January, Ebenezer purchased 8,200 shares

Exercise 10-65 (Algorithmic) Treasury Stock Transactions Ebenezer Consulting had no treasury stock

Exercise 10-65 (Algorithmic) Treasury Stock Transactions Ebenezer Consulting had no treasury stock at the beginning of the year. During January, Ebenezer purchased 8,200 shares of treasury stock at $21 per share. In April, Ebenezer sold 4,100 of the treasury shares for $25 per share. In August, Ebenezer sold the remaining treasury shares for $20 per share. Required: Prepare journal entries for the January, April, and August treasury stock transactions. January: April: (Record purchase of treasury shares) August: (Record reissue of treasury shares) (Record reissue of treasury shares)

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