Roca Company originally issued 30000 shares of $5 par common stock for $240000 on January 3 2017. Roca purchased 1500 shares of treasury stock for $15000 on November 2 2017. On December 6 2017 600 shares of the treasury stock are sold for $7200.
Instructions
Prepare journal entries to record these stock transactions.

Question

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The Answer of Roca Company originally issued 30000 shares of $5 par common stock for $240000 on January 3 2017. Roca purchased 1500 shares of treasury stock for $15000 on November 2 2017. On December 6 2017 600 shares of the treasury stock are sold for $7200.
Instructions
Prepare journal entries to record these stock transactions.

Roca Company Originally Issued 30000 Shares of $5 Par Common