Question
Cameron, Inc. held 1,000 shares of its own $10 par value commonstock purchased for $20 per share. In March, Cameron sold 10 sharesat $20 per
Cameron, Inc. held 1,000 shares of its own $10 par value commonstock purchased for $20 per share. In March, Cameron sold 10 sharesat $20 per share. The journal entry to record the sale of treasurystock would include a (debit/credit) ________ to Treasury Stock inthe amount of ________.
Please show your work
credit; $100
credit; $200
debit; $100
debit; $200
Cameron, Inc. held 1,000 shares of its own $10 par value commonstock purchased for $20 per share. In March, Cameron sold 10 sharesat $20 per share. The journal entry to record the sale of treasurystock would include a (debit/credit) ________ to Treasury Stock inthe amount of ________.
Please show your work
credit; $100
credit; $200
debit; $100
debit; $200
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Market Practice In Financial Modelling
Authors: Tan Chia Chiang
1st Edition
9789814366540
