Journalizing treasury stock transactions Stock transactions for Careful Driving School, Inc., follow:
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Mar 4 |
Issued 22,000 shares of $1 par common stock at $18 per share. |
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May 22 |
Purchased 1,400 shares of treasury stock—common at $11 per share. |
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Sep 22 |
Sold 500 shares of treasury stock—common at $24 per share. |
Requirement
1. Journalize the transactions.