Business, 03.05.2021 14:40 gbprulesmile

On January 2, 2020, Liberty Corporation was authorized to issue 140,000 shares of $5 par value common stock. Liberty issued 28,000 shares of common stock on January 15, 2020, at $15 per share. Required a. Record the entry on June 30, 2020, for purchase of 3,080 common shares for the treasury at $18 per share. b. Record the entry on September 20, 2020, for sale of 1,120 treasury shares at $21 per share. c. Record the entry on November 3, 2020, for sale of 700 treasury shares at $17 per share. d. Record the entry on December 15, 2020, for sale of 560 treasury shares at $13 per share. Note: List multiple debits (when applicable) in alphabetical order and list multiple credits (when applicable) in alphabetical order.

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On January 2, 2020, Liberty Corporation was authorized to issue 140,000 shares of $5 par value commo...

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