Question: instructions ( a ) Prepare entries in journal form to record the following transactions, which took place during 2 0 1 5 . ( 1

instructions
(a) Prepare entries in journal form to record the following transactions, which took place during
2015.
(1)280 shares of outstanding stock were purchased at $97 per share.
(2) A $20 per share cash dividend was declared.
(3) The dividend declared in (2) above was paid.
(4) The treasury shares purchased in (1) above were resold at $102 per share.
(5)500 shares of outstanding stock were purchased at $105 per share.
(6)350 of the share purchased in (5) avobe resold at $96 per share

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