Question: Question 10 15 pts Altima Corp. had the following transactions for this year. Prepare journal entries for each transaction 1. On March 15, Altima Corp.

 Question 10 15 pts Altima Corp. had the following transactions for

Question 10 15 pts Altima Corp. had the following transactions for this year. Prepare journal entries for each transaction 1. On March 15, Altima Corp. purchased 2,000 shares of their own stock on the open market for $8 cash per share. 2. On July 10, Altima Corp. re-issued 1,500 shares of treasury stock for $10 per share. 3. On October 31, Altima Corp. re-issued 500 shares of treasury stock for $7 per share. Journal entries: DESCRIPTION DEBIT CREDIT MAR 15 TREASURY STOCK COMMON Select) CASH [Select LJUL [ Select (Select 10 Select Select Select 1 [Select OCT 31 [ Select) [ Select Select) Select I Select I Select

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