REQUIRED: Journalize the treasury stock transactions. On January 1, 2022, the stockholders’ equity section of Monty Corp. shows common stock

REQUIRED: Journalize the treasury stock transactions. On January 1, 2022, the stockholders’ equity section of Monty Corp. shows common stock

Question:

REQUIRED: Journalize the treasury stock transactions.

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On January 1, 2022, the stockholders’ equity section of Monty Corp. shows common stock ($5 par value) $1,500,000; paid-in capital
in excess of par $1,060,000; and retained earnings $1,220,000. During the year, the following treasury stock transactions occurred.
Mar. 1 Purchased 48,000 shares for cash at $15 per share.
Sold 10,500 treasury shares for cash at $17 per share.
Sold 9,500 treasury shares for cash at $14 per share..
July
1
Sept. 1

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To journalize the treasury stock transactions for Monty Corp you need to record the purchases and sa
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