Prepare the Entries in Journal Form Necessary to Record the Following

question 174

Essay

Prepare the entries in journal form necessary to record the following stock transactions of Fitzgerald Corporation.These transactions represent all treasury stock transactions entered into by the company.(Omit explanations.)
June 1 Purchased 2,000 shares of its own $\$ 30$ par value common stock for $\$ 70$ per share, the current market price.
10 Sold 500 shares of treasury stock purchased on June 1 for $\$ 80$ per share
20 Sold 700 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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Definitions:

Diabetes

A chronic condition characterized by high levels of sugar in the blood due to the body's inability to produce or properly use insulin.

Graves' Disease

An autoimmune disorder that results in the overproduction of thyroid hormones, leading to symptoms like anxiety, hand tremor, heat sensitivity, weight loss, and bulging eyes.

Weak Muscles

A condition characterized by the reduced strength in one or more muscles.

Fatigue

A state of extreme tiredness or exhaustion resulting from mental or physical exertion or illness.