Prepare the Entries in Journal Form Necessary to Record the Following

question 104

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 $\quad$ 1 $\quad$ Purchased 2,000 shares of its own $\$ 30$ par value common stock for $\$ 70$ per share, the current market price.
$\quad$ $\quad$ 10 $\quad$ Sold 500 shares of treasury stock purchased on June 1 for $\$ 80$ per share
$\quad$ $\quad$ 20 $\quad$ Sold 700 shares of treasury stock purchased on June 1 for $\$ 58$ per share.
$\quad$ $\quad$ 30 $\quad$ Retired the remaining shares purchased on June 1 . The original issue price was $\$ 42$ per share.

---

Definitions:

Sales Target Determination

The process of setting specific objectives for a sales team to achieve within a fixed time frame, often based on historical data, market analysis, and company goals.

Crisis Management

The process by which an organization deals with a disruptive and unexpected event that threatens to harm the organization or its stakeholders.

Leader-Member Exchange Theory

A leadership approach focusing on the dyadic relationships between leaders and each of their followers, proposing that the quality of these relationships influences outcomes for the leader, the member, and the organization.

Extra-Role Behavior

Actions performed by employees that go beyond their formal job requirements, contributing positively to organizational effectiveness.