Question
On April 2 a corporation purchased for cash 5,000 shares of its own $11 par common stock at $29 a share. It sold 3,000 of
On April 2 a corporation purchased for cash 5,000 shares of its own $11 par common stock at $29 a share. It sold 3,000 of the treasury shares at $32 a share on June 10. The remaining 2000 shares were sold on November 10 for $25 a share. a. Journalize the entries to record the purchase (treasury stock is recorded at cost). Apr. 2 b. Journalize the entries to record the sale of the stock. If an amount box does not require an entry, leave it blank or enter "0". Jun. 10 Nov. 10 000 000 000 000 Check My Work 1 mons Check My Work uses remaining 5305 16 Previous Next>> Email Instructor Submit Test for Grading
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