In 2014, Mordica Co. issued 300,000 of its 500,000 authorized shares of $10 par value

In 2014, Mordica Co. issued 300,000 of its 500,000 authorized shares of $10 par value

common at $35 per share. In January 2015, Mordica
repurchased 25,000 shares at $30 per share. Assume these are the only
stock transactions the company has ever had.
a) Prepare the journal
entry to record the purchase of treasury stock by the cost method. b)
9000 shares of treasury stock are reissued at $33 per share. Prepare the
journal entry to record the reisssuance by the cost method. c) 9000
shares of treasury of stock are reissued at $27 per share. Prepare the
journal entry to record the reissuance by the cost method.

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