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Curtis Corporation's Balance Sheet Included the Following:
Common Stock,$5 Par

Question 97

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Curtis Corporation's balance sheet included the following:
Common Stock,$5 par value,5,000 shares issued
 and outstanding $25,000 Retained Earnings 20,000 Total Stockholders’ Equity $45,000\begin{array}{ll}\text { and outstanding } & \$ 25,000 \\\text { Retained Earnings } & \underline{20,000} \\\quad \text { Total Stockholders' Equity } &\underline{ \$ 45,000}\end{array}
Prepare journal entries for the following transactions:
 May 3 Issued 500 shares at $6 per share. 9 Reacquired 100 shares at $4 per share. 15 Reissued 50 of the Treasury shares at $7 per share 17 Reissued 10 of the Treasury shares at $3 per share. \begin{array}{llll} \text { May } & 3 & \text { Issued 500 shares at \(\$ 6\) per share. }\\&9& \text { Reacquired 100 shares at \(\$ 4\) per share. } &\\ &15&\text { Reissued 50 of the Treasury shares at \(\$ 7\) per share } &\\ &17&\text { Reissued 10 of the Treasury shares at \(\$ 3\) per share. } &\\\end{array}

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