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I need to fill in the blanks on the screenshot below: What do I credit to cash on 6/1? What do I debit to R/E
I need to fill in the blanks on the screenshot below:
What do I credit to cash on 6/1? What do I debit to R/E on 6/20?
The following stock transactions of Carmel Corporation represent all its treasury stock transactions for the year:
June | 1 | Purchased 1,000 shares of its own $30 par value common stock for $70 per share, the current market price. |
10 | Sold 250 shares of treasury stock purchased on June 1 for $80 per share. | |
20 | Sold 350 shares of treasury stock purchased on June 1 for $58 per share. | |
30 | Retired the remaining shares purchased on June 1. The original issue price was $42 per share. |
Record Carmel Corporation's stock transactions using T accounts. If an amount is zero, enter "0".
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