Problem $10-83$A

Treasury Stock Transactions

Hansen Inc. engaged in the following transactions during the current year:

a$.$ Repurchased $13,000$ shares of its own $$1$ par common stock for $$14$ per share on January $14.$

b$.$ Sold $2,000$ treasury shares to employees for $$6$ per share on January $31.$

c$.$ Repurchased $3,000$ more shares of the $$1$ par common stock for $$16$ per share on July $24.$

d$.$ Sold the remaining $11,000$ shares from the January $14$ purchase and $1,200$ of the shares from the July $24$ purchase to employees for $$6\mathrm{.}50$ per share on August $1.$

Required:

Prepare journal entries for each of these transactions.

a$.$ Jan. $14$

$$

$($Record purchase of treasury shares$)$

b$.$ Jan. $31$

$$

$$

$$

$$

$($Record reissue of treasury shares$)$

C$.$ July $24$

$$

$$

$($Record purchase of treasury shares$)$

d$.$ Aug. $1$

$$

$$

$$

$$