Prepare the entries in journal form necessary to record the following stock transactions of Fitzgerald Corporation. These transactions represent all treasury stock transactions entered into by the company. (Omit explanations.)
June 1 Purchased 2,000 shares of its own $30 par value common stock for $70 per share, the current market price.

Question

Quizplus · Accepted Answer

The Answer of Prepare the entries in journal form necessary to record the following stock transactions of Fitzgerald Corporation. These transactions represent all treasury stock transactions entered into by the company. (Omit explanations.)
June 1 Purchased 2,000 shares of its own $30 par value common stock for $70 per share, the current market price.

Prepare the Entries in Journal Form Necessary to Record the Following