On february 1 motorsports inc reacquired 7500 shares of its


On February 1, Motorsports Inc. reacquired 7,500 shares of its common stock at $30 per share. On March 15,

Motorsports sold 4,500 of the reacquired shares at $34 per share.
On June 2, Motorsports sold the remaining shares at $28 per share.
Journalize the transactions of February 1, March 15, and June 2.

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Accounting Basics: On february 1 motorsports inc reacquired 7500 shares of its
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