Michaela Corporation purchased from its stockholders 5,010 shares of its own previously issued stock for $240,480. It later resold 2,010 shares for $52 per share, then 2,010 more shares for $47 per share, and finally 990 shares for $38 per share.
Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (For multiple debit/credit entries, list amounts from largest to smallest e.g. 10, 5, 3, 2.)
If you will give me A+++ rating with your nice words in it and you will purchase ten my posted tutorial, you will get 2 tutorial free , Please hurry up limited time offer .
Wish you good luck!