On January 1 2017 Vidalia Company issued 30000 shares of $2 par value common stock for $150000. On March 1 2017 the company purchased 6000 shares of its common stock for $8 per share for the treasury. On June 1 2017 1500 of the treasury shares are sold for $10 per share. On September 1 2017 3000 treasury shares are sold at $6 per share.
Instructions
Journalize the stock transactions of Vidalia Company in 2017.
Correct Answer:
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