Wave Company originally issued 30,000 shares of $5 par common stock for $210,000 on January 3, 2018. Wave purchased 1,500 shares of treasury stock for $12,000 on November 2, 2018. On December 6, 2018, 600 shares of the treasury stock are sold for $7,200.

Instructions
Prepare journal entries to record these stock transactions.

Question

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The Answer of Wave Company originally issued 30,000 shares of $5 par common stock for $210,000 on January 3, 2018. Wave purchased 1,500 shares of treasury stock for $12,000 on November 2, 2018. On December 6, 2018, 600 shares of the treasury stock are sold for $7,200. Instructions Prepare journal entries to record these stock transactions.

Wave Company Originally Issued 30,000 Shares of $5 Par Common