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36. Storage Products purchased 11.000 shares of its own $0.75 par value common stock at a cost of $8 per share on April 30, 2014.
36. Storage Products purchased 11.000 shares of its own $0.75 par value common stock at a cost of $8 per share on April 30, 2014. The stock was originally issued at $7 per share. Which of the following is part of the journal entry to record the purchase? a. Credit Common Stock for $88,000 b. Debit Treasury Stock for $88,000 c. Credit Common Stock for $8.250 Debit Treasury Stock for $8,250
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