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During 2021, Lee Inc sold 300 shares of Treasury stock at $20 per share. The treasury stock was repurchased in the prior year for $12
During 2021, Lee Inc sold 300 shares of Treasury stock at $20 per share. The treasury stock was repurchased in the prior year for $12 per share. Record the journal entry for the sale of the treasury stock. Select all that apply.
Dr. Cash 6000
Dr Treasury Stock 6000
Cr. Treasury Stock 3600
Cr Additional paid in capital 2400
Cr. Additional paid in capital 6000
Cr. Common stock at par 0
Cr Treasury Stock 6000
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