Question: On January 2 , 2 0 2 0 , Liberty Corporation was authorized to issue 1 0 0 , 0 0 0 shares of $
On January Liberty Corporation was authorized to issue shares of $ par value common stock. Liberty issued shares of common stock on January at $ per share.
On June the corporation purchased common shares for the treasury at $ per share.
On September the corporation sold treasury shares at $ per share.
On November the corporation sold treasury shares at $ per share.
On December the corporation sold treasury shares at $ per share.
The journal entry to record the resale of treasury stock on December includes
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