On January 20, 2019, Spring Hope Corporation repurchases 2,600 shares of its outstanding common stock for $9
Question:
On January 20, 2019, Spring Hope Corporation repurchases 2,600 shares of its outstanding common stock for $9 per share. On April 3, 2019, Spring Hope sells 700 shares of treasury stock for $13 per share. On October 29, 2019, Spring Hope sells the remaining 1,900 shares of its treasury stock for $6 per share. Required: Prepare the journal entries to record these transactions?
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Journal Date Account and Explanation Debit Credit 2019 Jan 20 Treasury Stock a 23400 Cash 23400 Reco...View the full answer
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