On February 3,2015 Bombard Corporation acquired 4,000 shares of its own $1 par value common stock for $30 per share.On May 24,2015,1,500 shares of the treasury stock were sold for $35 per share.
Required:
Prepare the journal entries to record the purchase and sale of the treasury stock.Omit explanations.

Question

Quizplus · Accepted Answer

The Answer of On February 3,2015 Bombard Corporation acquired 4,000 shares of its own $1 par value common stock for $30 per share.On May 24,2015,1,500 shares of the treasury stock were sold for $35 per share.
Required:
Prepare the journal entries to record the purchase and sale of the treasury stock.Omit explanations.

On February 3,2015 Bombard Corporation Acquired 4,000 Shares of Its