Equity
Problem 1
a. Treasury Stock 30,000
Cash 30,000
(to record the purchase of 2,000 shares at $15 per share)
b. Cash 12,000
Treasury Stock 9,000
Paid-in Capital from Treasury Stock 3,000
(to record sale of 600 shares of treasury stock at $20 per share)
c. Cash 6,000
Treasury Stock 4,500
Paid-in Capital from Treasury Stock 1,500
(to record sale of 300 shares of treasury stock at $20 per share)
d. Cash 12,100
Paid-in Capital from Treasury Stock 4,400
Treasury Stock 16,500
