Record the Following Transactions of Naches Corporation in General Journal

question 76

Essay

Record the following transactions of Naches Corporation in general journal form:
(a) Reacquired 8,000 of its own $3 par value common stock at $20 cash per share. The stock was originally issued at $15 per share.
(b) Sold 2,000 shares of the stock reacquired under part (a) at $23 cash per share.
(c) Sold 3,000 shares of the stock reacquired under part (a) at $19 cash per share.

---

Definitions:

Interactional Leadership

A leadership style that emphasizes building effective interpersonal relationships, facilitating interactions, and valuing contributions from all members of the team.

Gender

pertains to the social, cultural, and psychological traits and behaviors that a given culture associates with an individual's biological sex.

Leadership Style

The manner and approach of providing direction, implementing plans, and motivating people. Leadership styles vary from authoritarian to democratic.

Inventories

Detailed lists of items, assets, or properties, typically used for tracking and management purposes in various contexts.