Record the Following Transactions of a Company in General Journal

question 204

Essay

Record the following transactions of a company in general journal form:
(a) Reacquired 8,000 of its own $10 par value ordinary shares at $40 cash per share. The share was originally issued at $15 per share.
(b) Sold 2,000 shares of those reacquired under part (a) at $43 cash per share.
(c) Sold 3,000 shares of those reacquired under part (a) at $39 cash per share.

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Definitions:

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