On January 1, 2014, Fairly Company issued 30,000 ordinary shares with a $2 par value for $150,000. On March 1, 2014, the company purchased 4,000 ordinary shares for $8 per share for the treasury. On June 1, 2014, 1,000 of the treasury shares are sold for $10 per share. On September 1, 2014, 2,000 treasury shares are sold at $6 per share.
Instructions
Journalize the share transactions of Fairly Company in 2014.

Question

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The Answer of On January 1, 2014, Fairly Company issued 30,000 ordinary shares with a $2 par value for $150,000. On March 1, 2014, the company purchased 4,000 ordinary shares for $8 per share for the treasury. On June 1, 2014, 1,000 of the treasury shares are sold for $10 per share. On September 1, 2014, 2,000 treasury shares are sold at $6 per share.
Instructions
Journalize the share transactions of Fairly Company in 2014.

On January 1, 2014, Fairly Company Issued 30,000 Ordinary Shares