Maurice Tutor

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Category > Accounting Posted 23 Aug 2017 My Price 6.00

Carmel Corporation

treasury Stock transactions Including retirement

E10A. Record Carmel Corporation’s following stock transactions, which represent all its treasury stock transactions for the year, using T accounts:

June       1      Purchased 1,000 shares of its own $30 par value common stock for $70 per share, the current market price.

10      Sold 250 shares of treasury stock purchased on June 1 for $80 per share.

20      Sold 350 shares of treasury stock purchased on June 1 for $58 per share.

30         Retired the remaining shares purchased on June 1. The original issue price was $42 per share.

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Maurice Tutor
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Status NEW Posted 23 Aug 2017 10:08 PM My Price 6.00

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