on January 1 Vermont corporation had 43700 shares of $8 par value common stock issued and outstan

On January 1, Vermont had 43,700 shares of $8 par value common stock issued and All 43,700 shares had been issued in a prior period at $22 per share. On February 1, Vermont purchased 1,140 shares of treasury stock for $27 per share and later sold the treasury shares for $18 per share on March 1. The journal entry to record the purchase of the treasury shares on February 1 would include a Oa. credit to Treasury Stock for $30,780 b. credit to a gain account for $5,700 Oc. debit to a loss account for $5,700 Od: debit to Treasury Stock for $30,780 Previous Next 2/10/2019