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Journalize the share transactions of Fairly Company

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Question - On January 1, 2017, Fairly Company issued 30,000 ordinary shares with a $2 par value for $150,000. On March 1, 2017, the company purchased 4,000 ordinary shares for $8 per share for the treasury. On June 1, 2017, 1,000 of the treasury shares are sold for $10 per share. On September 1, 2017, 2,000 treasury shares are sold at $6 per share.

Required - Journalize the share transactions of Fairly Company in 2017.

Reference no: EM132565060

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