Problem:
On February 1, Marine Company reacquired 7,500 shares if its common stock at $30 per share. On March 15, Marine sold 4,500 of the reacquired shares at $34 per share. On June 2, Marine sold the remaining shares at $28 per share.
Required:
Question: Journalize the transaction of February 1, March 15, and June 2.
Note: Be sure to show how you arrived at your answer.