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Prepare journal entries for the given transactions

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Question - Curtis Corporation's balance sheet included the following:

Common Stock, $5 par value, 5,000 shares issued and outstanding $25,000

Retained Earnings 20,000

Total Stockholders' Equity $45,000

Prepare journal entries for the following transactions.

May 3 Issued 500 shares at $6 per share.

May 9 Reacquired 100 shares at $4 per share.

May 15 Reissued 50 of the Treasury shares at $7 per share.

May 17 Reissued 10 of the Treasury shares at $3 per share.

Reference no: EM132213703

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