Business, 14.02.2020 04:25 QueenNerdy889

Sheridan Company originally issued 4800 shares of $10 par value common stock for $144000 ($30 per share). Sheridan subsequently purchases 470 shares of treasury stock for $25 per share and resells the 470 shares of treasury stock for $30 per share.
Required:
1. Journalize the two treasury stock transactions.

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Sheridan Company originally issued 4800 shares of $10 par value common stock for $144000 ($30 per sh...

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