Question: LO 3 E10-24A. (Learning Objectives 2, 3: Recording treasury shares transactions and measur- ing their effects on shareholders' equity) Journalize the following transactions of Aliant

LO 3 E10-24A. (Learning Objectives 2, 3: Recording treasury shares transactions and measur- ing their effects on shareholders' equity) Journalize the following transactions of Aliant Productions: Jan. 17 May 23 Issued 2,100 shares of $2.50 par ordinary share at $10 per share. Purchased 400 shares of treasury share at $12 per share. Jul. 11 Sold 300 shares of treasury share at $20 per share. What was the overall effect of these transactions on Aliant's shareholders' equity

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