On February 1, Marine Company reacquired 7,500 shares of its common stock at $30 per share. On March 15, Marine sold 4,500 of the reacquired shares at $34 per share. On June 2, Marine sold the remaining shares at $28 per share.
Required: Journalize the transaction of February 1, March 15, and June 2.

Question

Quizplus · Accepted Answer

The Answer of On February 1, Marine Company reacquired 7,500 shares of its common stock at $30 per share. On March 15, Marine sold 4,500 of the reacquired shares at $34 per share. On June 2, Marine sold the remaining shares at $28 per share.
Required: Journalize the transaction of February 1, March 15, and June 2.

On February 1, Marine Company Reacquired 7,500 Shares of Its