Paydirt Limestone, Incorporated was organized several years ago and was authorized to issue 3, 000,000 shares of $40 par value 9% preferre stock. It is also authorized to issue 3,750,000 shares of $2 par value common stock. In its fifth year, the corporation has the following transactions: Part AMar. 1 Purchased 2,000 shares of its own common stock at $15 per share Part B Apr. 10 Reissued 1,000 shares of its common stock held in the treasury for $18 per share.Part D begin{tabular}{|l|r|r|r|r|} hline Date & multicolumn{2}{|c|}{ Account Title } & Debit & hline Mar. 1 & & & hline From Part A & & & hline & To record the purchase of Treasury Stock hline Apr. 10 & & & & hline From Part B & & & & hline & & & & hline & To record the part sale of Treasury Stock & & hline Jun. 12 & & & & hline From Part C & & & hline & & & hline end{tabular}.

1. Paydirt Limestone, Incorporated was organized several years ago and was authorized to issue 3,
000,000 shares of $40 par value 9% preferre stock. It is also authorized to issue 3,750,000 shares
of $2 par value common stock. In its fifth year, the corporation has the following transactions: Part
AMar. 1 Purchased 2,000 shares of its own common stock at $15 per share Part B Apr. 10
Reissued 1,000 shares of its common stock held in the treasury for $18 per share.Part D
begin{tabular}{|l|r|r|r|r|} hline Date & multicolumn{2}{|c|}{ Account Title } & Debit & hline Mar. 1 & &
& hline From Part A & & & hline & To record the purchase of Treasury Stock hline Apr. 10 & & & &
hline From Part B & & & & hline & & & & hline & To record the part sale of Treasury Stock & &
hline Jun. 12 & & & & hline From Part C & & & hline & & & hline end{tabular}