Business, 30.03.2020 21:52, skater2699

Seacrest Corporation has the following stockholders' equity accounts on January 1, 2017: Common Stock, $10 par value $1,500,000 Paid-in Capital in Excess of Par 200,000 Retained Earnings 500,000 Total Stockholders' Equity $2,200,000 The company uses the cost method to account for treasury stock transactions. During 2017, the following treasury stock transactions occurred: April 1 Purchased 15,000 shares at $18 per share. August 1 Sold 5,000 shares at $21 per share. October 1 Sold 6,000 shares at $15 per share. Instructions Journalize the treasury stock transactions for 2017.

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Seacrest Corporation has the following stockholders' equity accounts on January 1, 2017: Common Stoc...