Question
A company has $10,000 shares of $10 par common stock outstanding. Prepare the entries to record the following: March 1 Purchased 1000 shares of treasury
A company has $10,000 shares of $10 par common stock outstanding. Prepare the entries to record the following:
March 1 Purchased 1000 shares of treasury stock at $12 per share. There were no previous purchases of treasury stock.
June 1 Sold 500 shares of treasury stock at $15 per share.
July 30 Sold 500 shares of treasury stock at $8 per share.
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Accounting A Smart Approach
Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark
3rd Edition
0198745133, 978-0198745136
