Record the following BJ Corp.transactions in general journal form:
(a)Reacquired 8,000 of its own common shares at $60 per share to be held as treasury shares.The shares were originally issued at $15 per share.
(b)Sold 2,000 shares reacquired under part (a)above at $63 per share.
(c)Sold 3,000 shares reacquired under part (a)at $59 per share.
(d)Retired the remaining shares reacquired under part (a).
Correct Answer:
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