Question
On June 15, Orange Inc. decided to retire the 2,000 shares of stock that is bough back for $100,000. If the $5 par value common
On June 15, Orange Inc. decided to retire the 2,000 shares of stock that is bough back for $100,000. If the $5 par value common stock was originally issued at $6 per share, the journal entry to record this retirement of treasure stock would
A.increase common stock
B.increase treasury stock, common
C.increase additional paid-in capital
D.decrease retained earnings
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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
