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On January 1, 2019, Tommyboy Corporation repurchases 11,000 shares of its outstanding common stock for $26 per share. On May 1, 2019, Tommyboy sells 9,500
On January 1, 2019, Tommyboy Corporation repurchases 11,000 shares of its outstanding common stock for $26 per share. On May 1, 2019, Tommyboy sells 9,500 shares of treasury stock for $17 per share. On October 1, 2019, Tommyboy sells 1,500 shares of its treasury stock for $44 per share.
How do I find the Additional Paid-In Capital-Treasury Stock& Treasury Stock?
My Journal SO FAR: ALL I NEED IS THE LAST 2 IN October Column.
2019 Jan 1 Treasury Stock 286,000 Cash 286,000 May 1 Cash 161,500 Retained Earnings 81,500 Treasury Stock 247,000 Oct 1 Cash 66,000 Additional Paid-In Capital-Treasury Stock Treasury Stock
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