2 part question

Required information (The following information applies to the questions displayed below. California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $38 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $40 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet ces Record the sale of treasury stock. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Retu Required information (The following information applies to the questions displayed below.) 2 California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $38 per share. Record the purchase of treasury stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete but not entirely correct. No General Journal Credit Transaction 1 Debit 4,000 1 Cash Treasury Stock Additional Paid-in Capital 3,899 X 200 X X Prey 11 12 of 25 HA Next >