Question
On January 23, Bennington Corporation, for the first time in its short history, purchased 200 shares of its own common stock for $40 a share.
On January 23, Bennington Corporation, for the first time in its short history, purchased 200 shares of its own common stock for $40 a share. On March 31, it sold 100 of those shares for $45 a share. What is the credit amount to Treasury Stock account?
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Answer Treasury Stock account is credited with 4000 Solution Since the shares were purchased a...
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Excellence in Business Communication
Authors: John V. Thill, Courtland L. Bovee
9th edition
136103766, 978-0136103769
