Financial Accounting

hmarket.xlsx

Sheet1

	Prepare journal entries for the following treasury stock transactions. Assume that all three happen in order when preparing each entry.
	2/15/15	Purchased 48,000 shares for cash at $13.50 per share.
	6/6/15	Sold 12,500 treasury shares for cash at $16.00 per share.
	8/30/15	Sold 9,500 treasury shares for cash at $12.00 per share.
	Instructions: Prepare journal entries for the above transactions.