*Treasury Share Transactions Algeria Corp. Currently Has 5,000 No Par Value Common Shares

Essay

*Treasury share transactions
Algeria Corp. currently has 5,000 no par value common shares outstanding, with a book value of $ 150,000.
Instructions
Record the share transactions given below:
a) Bought 300 common shares at $ 31 each, to be held as treasury shares
b) Sold 80 treasury shares at $ 30
c) Sold 40 treasury shares at $ 34
d) Retired the rest of the treasury shares