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
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Accounting Information System
Authors: James A. Hall
7th Edition
978-1439078570, 1439078572
