Question
1. ABC Corp issues 10,000 shares of $3 par value stock at $25 per share on 7/1/19. What is the journal entry to record the
1. ABC Corp issues 10,000 shares of $3 par value stock at $25 per share on 7/1/19. What is the journal entry to record the issuance?
2. On 12/1/19 ABC buys back 10,000 shares of its $3 par value stock for $30 per share. What is the journal entry to record the buy back?
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College Accounting A Contemporary Approach
Authors: David Haddock, John Price, Michael Farina
3rd edition
77639731, 978-0077639730
