{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-29T14:03:00-04:00", "answer_date": "2024-05-29 14:03:00", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1888156", "url": "\/study-help\/questions\/elroy-corporation-repurchased-3700-shares-of-its-own-stock-for-1888156", "question_creation_date_js": "2024-05-29T14:03:00-04:00", "question_creation_date": "May 29, 2024 02:03 PM", "meta_title": "[Solved] Elroy Corporation repurchased 3,700 share | SolutionInn", "meta_description": "Answer of - Elroy Corporation repurchased 3,700 shares of its own stock for $30 per share. The stock has a par of $15 per share. A | SolutionInn", "meta_keywords": "elroy,corporation,repurchased,3,700,shares,stock,$30,per,share,par,$15,month", "question_title_h1": " Elroy Corporation repurchased 3,700 shares of its own stock for $30 per share. The stock has a par of $15 per share. A month", "question_title": " Elroy Corporation repurchased 3,700 shares of its own stock for $30", "question_title_for_js_snippet": "Elroy Corporation repurchased 3,700 shares of its own stock for $30 per share The stock has a par of $15 per share A month later, Elroy resold 925 shares of the treasury stock for $38 per share Required a Record the two events in general journal format b What is the balance of the treasury stock account after these transactions Complete this question by entering your answers in the tabs below Required A Required B Record the two events in general journal format (If no entry is required for a transaction event, select No journal entry required in the first account field ) View transaction list Journal entry worksheet A B Elroy Corporation repurchased 3,700 shares of its own stock for $30 per share Record the transaction Note Enter debits before credits Event 1 General Journal Debit Credit ", "question_description": "\"image\"image", "transcribed_text": "Elroy Corporation repurchased 3,700 shares of its own stock for $30 per share. The stock has a par of $15 per share. A month later, Elroy resold 925 shares of the treasury stock for $38 per share. Required a. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions? Complete this question by entering your answers in the tabs below. Required A Required B Record the two events in general journal format. (If no entry is required for a transaction\/event, select \"No journal entry required\" in the first account field.) View transaction list Journal entry worksheet A B Elroy Corporation repurchased 3,700 shares of its own stock for $30 per share. Record the transaction. Note: Enter debits before credits. Event 1 General Journal Debit Credit >", "related_book": { "title": "Financial Accounting", "isbn": "1133952410, 9781133952411, 978-1133952428", "edition": "12th Edition", "authors": "Warren, Reeve, Duchac", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/114.jpg", "uri": "\/textbooks\/financial-accounting-12th-edition-114", "see_more_uri": "" }, "free_related_book": { "isbn": "1853550051", "uri": "\/textbooks\/auditing-and-the-future-conference-proceedings-1st-edition-978-1853550058-260318", "name": "Auditing And The Future Conference Proceedings", "edition": "1st Edition" }, "question_posted": "2024-05-29 14:03:00", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/mr-cfe-is-the-sole-proprietor-of-a-hardware-store-339248", "description": "Mr. CFE is the sole proprietor of a hardware store called, The CFE Shop. 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