During 2020, the following selected transactions affecting s…
During 2020, the following selected transactions affecting stockholders’ equity occurred for ABC Corporation. Give the indicated journal entries for each of the below 3 dates: Feb 1 Purchased in the open market 150 shares of the company’s own common stock at $19 per share. June 15 Sold 100 of the shares purchased on February 1 for $22 cash per share. Aug 30 Sold 40 of the shares purchased on February 1 for $17 cash per share.