Question: Please use the par value method Treasury Stock Transactions. On March 15, Chief Company acquired 20,000 shares of its own $2 par value common shares

Please use the par value method

Treasury Stock Transactions. On March 15, Chief Company acquired 20,000 shares of its own $2 par value common shares at a cost of $17 per share. Chief had originally issued the shares at $12 per share. On July 5. Chief sold 7.000 of the shares in the open market at $20 per share. On October 19, Chief sold the remaining shares at $8. Prepare the journal entries to record the acquisition and sale of the treasury shares

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