Prepare Entries in Journal Form Without Explanations to Record the Following

question 189

Essay

Prepare entries in journal form without explanations to record the following transactions involving Dailey Corporation's $5 par value common stock:
$\begin{array}{l}\text { Apr. } 1 \text { Purchased } 500 \text { shares of its own common stock for } \$ 12 \text {, the current market } \\\text { price. This is the first transaction involving its own stock engaged in by the } \\\text { company. } \\\text { May } 1 \text { Sold } 100 \text { of the shares purchased on April } 1 \text { for } \$ 15 \text {. } \\\text { June } 1 \text { Retired } 100 \text { of the shares purchased on April } 1 \text {. The original issue price was } \$ 8 \text {. } \\\text { July } 1 \text { Sold } 200 \text { of the shares purchased on April } 1 \text { for } \$ 10 \text {. }\end{array}$

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Definitions:

Chartjunk

Non-essential graphics or visual elements within charts that do not enhance understanding of the data and may in fact distract or mislead the viewer.

Three-dimensional

Having or appearing to have length, breadth, and depth.

Relative Sizes

A comparison of the dimension or magnitude of objects, figures, or structures.

Pie Chart

A circular statistical graphic divided into slices to illustrate numerical proportion.