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D Question 13 1 pts On January 1, Vermont Corporation had 40,000 shares of $10 par value common stock issued and outstanding All 40,000 shares
D Question 13 1 pts On January 1, Vermont Corporation had 40,000 shares of $10 par value common stock issued and outstanding All 40,000 shares had been issued in a prior period at $20 per share on February 1. Vermont purchased 3,750 shares of treasury stock for 824 per share and later cold the treasury shares for $21 per share on March 1 The journal entry to record the purchase of the treasury shares on February I would mclude a Odebit to Treasury Stock for $90,000 debit to a loss account for $112.500 O credit to Treasury Stock for $90,000 credit to a gain account for $112.500
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