Question
BE12.5 (LO 2) On July 1, Pearl River Industries purchases 500 of its HK$20 par value ordinary shares for the treasury at a cash price
BE12.5 (LO 2) On July 1, Pearl River Industries purchases 500 of its HK$20 par value ordinary shares for the treasury at a cash price of HK$80 per share. On September 1, it sells 350 treasury shares for cash at HK$90 per share. Journalize the two treasury share transactions.
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
