several years ago indirect bookie company issued 10 000 shares of 2 par value common 4374093

Several years ago, Indirect Bookie Company issued 10,000 shares of $ 2 par value common stock for $ 24 per share. Since that time, the Indirect Bookie entered into several treasury stock transactions. Assume additional paid- in capital from treasury stock transactions is zero. Required Record the following treasury stock transactions using the cost method. a. Purchased 5,000 shares of common shares as treasury stock at $ 28. b. Sold 2,000 shares of treasury stock for a total of $ 42,000. c. Sold the remaining 3,000 shares of treasury stock for a total $ 90,000. View Solution:
Several years ago Indirect Bookie Company issued 10 000 shares of

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