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California Surf Clothing Company issues 1 , 0 0 0 shares of $ 1 par value common stock at $ 2 9 per share. Later
California Surf Clothing Company issues shares of $ par value common stock at $ per share. Later in the year, the company decides to purchase shares at a cost of $ per share.
Record the transaction if California Surf resells the shares of treasury stock at $ per share. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
A
Record the sale of treasury stock.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credit
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