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8 Aaron, Inc. paid $90,000 to buy back 10,000 shares of its $1 par value common stock. This stock was sold later at a selling
8 Aaron, Inc. paid $90,000 to buy back 10,000 shares of its $1 par value common stock. This stock was sold later at a selling price of $6 per share. The entry to record the sale includes a credit to Retained Earnings for $10,000. debit to Paid-in Capital from Treasury Stock for $90,000. debit to Retained Earnings for $30,000. credit to Paid-in Capital from Treasury Stock for $10,000
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