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Metlock Corporation has outstanding 20,000 shares of $5 par value common stock. On August 1, 2025, Metlock reacquired 220 shares at $84 per share.
Metlock Corporation has outstanding 20,000 shares of $5 par value common stock. On August 1, 2025, Metlock reacquired 220 shares at $84 per share. On November 1, Metlock reissued the 150 shares at $74 per share. Metlock had no previous treasury stock transactions. Prepare the entry to retire the treasury shares remaining following the November 1, 2025, reissuance. The shares were initially issued for $60 per share. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date November 1, 2025 Account Titles and Explanation eTextbook and Media List of Accounts Save for Later Debit Credit Attempts: 1 of 3 used Submit Answer
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