Value common stock outstanding

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Reference no: EM13864665

Casey, Inc. has 10,000 shares of $10 par value common stock outstanding. Prepare journal entries to record the following:

a) Casey purchased 1,000 shares of treasury stock at $11.

b) Casey sold 500 shares of treasury stock at $15.

c) Casey purchased equipment for $75,000, paying $25,000 in cash and issuing 4,000 shares of common stock for the equipment.

d) Casey sold 500 shares of treasury stock at $11.

Reference no: EM13864665

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