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long co issued 100,000 shares of $10 par common stock for $1,200,000. long acquired 10,000 shares of its own common stockat 15 pers ahre. three
long co issued 100,000 shares of $10 par common stock for $1,200,000. long acquired 10,000 shares of its own common stockat 15 pers ahre. three months laterlong sold 5000 shares at 19 per share. if the cost medthod is used to record treasury stock transactions, to record the sale of 5000 treasury shares, long should credit
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