Prepare Entries to Record the Following: (A) Issued 1,000 Shares $\$ 15$

question 138

Essay

Prepare entries to record the following: (a) Issued 1,000 shares of $\$ 15$ par common stock at $\$ 54$ for cash.
(b) Issued 1,400 shares of no-par common stock in exchange for equipment with a fair market price of $\$ 24,000$ .
(c) Purchased 100 shares of treasury stock at $\$ 26$ .
(d) Sold 100 shares of treasury stock purchased in (c) at $\$ 29$ .

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