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On April 1, a company reacquired 200 shares of its own $1 par value common stock for $25 per share. Two months later, on June
On April 1, a company reacquired 200 shares of its own $1 par value common stock for $25 per share. Two months later, on June 1, the company reissued 70 of these shares at $30 per share. What journal entry should be made to record the reissuing of the shares on June 1? Credit Debit 2,100 Account Cash Treasury Stock Additional Paid-in Capital 1.750 350 O Credit Account Treasury Stock Cash Debit 5,000 5,000 o Credit Debit 2.100 Account Cash Treasury Stock Additional Paid-in Capital 70 2,030 Credit Account Cash Common Stock Debit 2.100 2,100
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