On August 10,20X9,Steel Wool,Inc.,reacquired 1,000 shares of its own $3 par value common stock at $28 per share.These shares were not permanently retired.On November 3,20X9,the company sold 600 of the treasury shares for $26 per share.On December 15,20X9,the company sold the remaining 400 shares for $32 per share.Prepare journal entries for Steel Wool,Inc.,for August 10,November 3,and December 15.

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The Answer of On August 10,20X9,Steel Wool,Inc.,reacquired 1,000 shares of its own $3 par value common stock at $28 per share.These shares were not permanently retired.On November 3,20X9,the company sold 600 of the treasury shares for $26 per share.On December 15,20X9,the company sold the remaining 400 shares for $32 per share.Prepare journal entries for Steel Wool,Inc.,for August 10,November 3,and December 15.