During 2024, the following selected transactions affecting s…
Questions
During 2024, the fоllоwing selected trаnsаctiоns аffecting stockholders’ equity occurred for ABC Corporation. List below the journal entries for each of the following three dates. Feb 5: Purchased in the open market 200 shares of the company’s own common stock at $25 per share. June 20: Sold 120 of the shares purchased on February 5 for $30 cash per share. Sept 10: Sold 60 of the shares purchased on February 5 for $22 cash per share.
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