Coyote Company reacquired 25,000 shares of its $1 par common stock for $15 per share on June 1. On July 1 they sold 10,000 treasury shares for $20 per share. On August 1 they sold 5,000 treasury shares for $12 per share. Prepare the necessary journal entries (omit explanations).

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The Answer of Coyote Company reacquired 25,000 shares of its $1 par common stock for $15 per share on June 1. On July 1 they sold 10,000 treasury shares for $20 per share. On August 1 they sold 5,000 treasury shares for $12 per share. Prepare the necessary journal entries (omit explanations).

Coyote Company Reacquired 25,000 Shares of Its $1 Par Common