Question Details

Journalize the stock transactions of Dreamy Company


On January 1, 2013, Dreamy Company issued 30,000 shares of $2 par value common stock for $150,000. On March 1, 2013, the company purchased 6,000 shares of its common stock for $8 per share for the treasury. On June 1, 2013, 1,500 of the treasury shares are sold for $10 per share. On September 1, 2013, 3,000 treasury shares are sold at $6 per share.

Instructions
Journalize the stock transactions of Dreamy Company in 2012.



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