Journalize the purchase and sale of the treasury stock

Journalize the purchase and sale of the treasury stock 1 On September 5, Bertolli Corporation acquired 2,500 shares of its own $1 par common stock for $23 per share. On October 15, 1,000 shares of the treasury stock is sold for $25 per share. Instructions Journalize the purchase and sale of the treasury stock assuming that the company uses the cost method. 2 Warren Company had the following transactions. 1. Issued 6,000 shares of common stock with a stated value of $10 for $110,000. 2. Issued 3,000 shares of $100 par preferred stock at $107 for cash. Instructions Prepare the journal entries to record the above stock transactions. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help