Question
On July 1, Pronghorn Corporation purchases590shares of its $5par value common stock for the treasury at a cash price of $9per share. On September 1,
On July 1, Pronghorn Corporation purchases590shares of its $5par value common stock for the treasury at a cash price of $9per share. On September 1, it sells340shares of the treasury stock for cash at $11per share.
Journalize the two treasury stock transactions:
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Financial Accounting for Decision Makers
Authors: Peter Atrill, Eddie McLaney
6th Edition
273763451, 273763458, 978-0273763451
