Soved

A$14-9$ Treasury Stock $($LO $14-4)$

On $1$ January $20$X$1,$ Grey Corp. Issued $386,000$ no$-$par common shares at $$4\mathrm{.}55$ per share. In $205,$ there were treasury stock transactions. On $15$ January $205,$ the company purchased $4,200$ of its own common shares at $$4\mathrm{.}10$ per share to be held as treasury stock. On $1$ March, $750$ of the treasury shares were resold at $$5\mathrm{.}60.$ On $15$ March, $500$ shares were purchased for $$2\mathrm{.}52.$ On $31$ March, $850$ of the treasury shares were sold for $$2\mathrm{.}85.$ The remaining shares were cancelled and retired on $1$ June. The balance in retained earnings was $$973,500$ prior to these transactions.

Required:

Provide all $205$ entries. $($Do not round intermedlate calculatlons and round your final answers to the nearest whole dollar. If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" In the first account fleld.$)$

Journal entry worksheet

$1$

$4$

$5$

Record purchase of $4,200$ common shares as treasury stock at $$4\mathrm{.}10$ per share.