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Bonita, Inc. paid $129000 to buy back 9400 shares of its $1 par value common stock. This stock was sold later at a selling price
Bonita, Inc. paid $129000 to buy back 9400 shares of its $1 par value common stock. This stock was sold later at a selling price of $8 per share. The entry to record the sale includes a debit to Retained Earnings for $53800. credit to Paid-in Capital from Treasury Stock for $9400. O debit to Paid-in Capital from Treasury Stock for $129000. O credit to Retained Earnings for $9400
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