In: Accounting
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Date | Account title and Explanation | Debit (in $) | Credit (in $) |
Feb. - 01 |
Treasury stock (2,020 shares x $21) |
$42,420 | |
Cash | $42,420 | ||
(To record the Purchase of Treasury Stock) | |||
Mar. - 01 |
Cash (740 shares x $19) |
$14,060 | |
Retained earnings (Bal. Fig.) | $1,480 | ||
Treasury stock (740 shares x $21) |
$15,540 | ||
(To record the Sale of Treasury Stock) | |||
Mar. - 18 |
Cash (520 shares x $14) |
$7,280 | |
Retained earnings (Bal. Fig.) | $3,640 | ||
Treasury stock (520 shares x $21) |
$10,920 | ||
(To record the Sale of Treasury Stock) | |||
Apr. - 22 |
Cash (550 shares x $23) |
$12,650 | |
Treasury stock (550 shares x $21) |
$11,550 | ||
Paid in capital from treasury stock (550 shares x ($23 (-)$21)) |
$1,100 | ||
(To record the Sale of Treasury Stock) |