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34 Jones company bought 1 million of their own 51 par shares at S13 per share Later they sold the shares for S14 per share.

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34 Jones company bought 1 million of their own 51 par shares at S13 per share Later they sold the shares for S14 per share. The Journal entry under the treasury stock method would include: a. debit cash for $14 per share b. credit cash for 514 per share c.debit treasury stock for S13 per share di credit paid in capital in excess of par for 514 per share e. none of the above

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