Prepare Entries to Record the Following: (A) Issued 1,000 Shares $\$ 10$

question 68

Essay

Prepare entries to record the following: (a) Issued 1,000 shares of $\$ 10$ par common stock at $\$ 56$ .
(b) Issued 1,400 shares of $\$ 10$ par common stock in exchange for equipment with a fair market price of $\$ 21,000$ .
(c) Purchased 100 shares of treasury stock at $\$ 25$ .
(d) Sold the 100 shares of treasury stock purchased in (c) at $\$ 30$ .

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