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question archive On September 5,bertolli corporation acquired 2500 of its own $1 par ordinary shares for $24 per share

On September 5,bertolli corporation acquired 2500 of its own $1 par ordinary shares for $24 per share

Subject:AccountingPrice: Bought3

On September 5,bertolli corporation acquired 2500 of its own $1 par ordinary shares for $24 per share .On October 15,1000 treasury shares are sold for$25 per share. please journalize the purchase and sale of the treasury shares assuming that the company uses the cost method.

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