Deborah Corporation had the following Treasury stock transactions during May 2020. Please record these transactions in journal form. May 5 Purchased 800 shares of its own $2 par value for $20 per share the current market price. May 17 Sold 300 shares of the treasury stock purchased on May 5 for $22 per share. May 21 Sold 200 shares of the treasury stock purchased on May 5 for $20 per share. May 28 Sold the remaining shares of the treasury stock purchased on May 5 for $19 per share.
Deborah Corporation had the following Treasury stock transactions during May 2020. Please record these transactions in journal form. May 5 Purchased 800 shares of its own $2 par value for $20 per share the current market price. May 17 Sold 300 shares of the treasury stock purchased on May 5 for $22 per share. May 21 Sold 200 shares of the treasury stock purchased on May 5 for $20 per share. May 28 Sold the remaining shares of the treasury stock purchased on May 5 for $19 per share.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Deborah Corporation had the following
May 5 Purchased 800 shares of its own $2 par value for $20
per share the current market price.
May 17 Sold 300 shares of the treasury stock purchased on
May 5 for $22 per share.
May 21 Sold 200 shares of the treasury stock purchased on
May 5 for $20 per share.
May 28 Sold the remaining shares of the treasury stock
purchased on May 5 for $19 per share.
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