Entries for treasury stock On May 27, Kick Off Inc. reacquired 78,000 shares of its common stock at $9 per share. On August 3, Kick Off sold 51,000 of the reacquired shares at $12 per share. On November 14, Kick Off sold the remaining shares at $7 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. May 27 Aug. 3 Nov. 14 00 000 000 00 000 000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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chapter 12 question 3

Entries for treasury stock
On May 27, Kick Off Inc. reacquired 78,000 shares of its common stock at $9 per share. On August 3, Kick Off sold 51,000 of the reacquired shares at $12 per share. On
November 14, Kick Off sold the remaining shares at $7 per share.
Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank.
May 27
Aug. 3
Nov. 14
Transcribed Image Text:Entries for treasury stock On May 27, Kick Off Inc. reacquired 78,000 shares of its common stock at $9 per share. On August 3, Kick Off sold 51,000 of the reacquired shares at $12 per share. On November 14, Kick Off sold the remaining shares at $7 per share. Journalize the transactions of May 27, August 3, and November 14. If an amount box does not require an entry, leave it blank. May 27 Aug. 3 Nov. 14
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