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1. When treasury stock is purchased for $42 per share and subsequently sold for $47 per share, treasury stock is credited for $____ per share

1. When treasury stock is purchased for $42 per share and subsequently sold for $47 per share, treasury stock is credited for $____ per share and Paid-in Capital from the Sale of Treasury Stock is credited for $____ per share when the sale is recorded. 2. When treasury stock is purchased for $42 per share and subsequently sold for $40 per share, treasury stock is credited for $____ per share and Paid-in Capital from the Sale of Treasury Stock is debited for $_____ per share when the sale is recorded. 3. When treasury stock is purchased for $38 per share and subsequently sold for $47 per share, treasury stock is credited for $_____ per share and Paid-in Capital from the Sale of Treasury Stock is credited for $____ per share when the sale is recorded. 4. When treasury stock is purchased for $38 per share and subsequently sold for $40 per share, treasury stock is credited for $____ per share and Paid-in Capital from the Sale of Treasury Stock is credited for $_____ per share when the sale is recorded.

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