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Prepare Entries to Record the Following: (A) Issued 1,000 Shares $10 \$ 10

Question 146

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Prepare entries to record the following: (a) Issued 1,000 shares of $10 \$ 10 par common stock at $56 \$ 56 .
(b) Issued 1,400 shares of $10 \$ 10 par common stock in exchange for equipment with a fair market price of $21,000 \$ 21,000 .
(c) Purchased 100 shares of treasury stock at $25 \$ 25 .
(d) Sold the 100 shares of treasury stock purchased in (c) at $30 \$ 30 .

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