Yount Company originally issued 30,000 ordinary shares with a $5 par for $180,000 on January 3, 2014. Yount purchased 1,500 treasury shares for $12,000 on November 2, 2014. On December 6, 2014, 600 treasury shares are sold for $6,000.
Instructions
Prepare journal entries to record these share transactions.

Question

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The Answer of Yount Company originally issued 30,000 ordinary shares with a $5 par for $180,000 on January 3, 2014. Yount purchased 1,500 treasury shares for $12,000 on November 2, 2014. On December 6, 2014, 600 treasury shares are sold for $6,000.
Instructions
Prepare journal entries to record these share transactions.

Yount Company Originally Issued 30,000 Ordinary Shares with a $5