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On October 1, 2015, Adoll Company acquired 2,100 shares of its $1 par value stock for $43 per share and held these shares in treasury.
On October 1, 2015, Adoll Company acquired 2,100 shares of its $1 par value stock for $43 per share and held these shares in treasury. On March 1, 2017, Adoll resold all the treasury shares for $39 per share. Which of the following entries would be recorded when Adoll Company resells the shares of treasury stock?
rev: 10_04_2016_QC_CS-64483
Cash | 81,900 | |
Common Stock | 2,100 | |
Additional paid-in capital | 79,800 |
Cash | 81,900 | |
Additional paid-in capital | 8,400 | |
Common Stock | 90,300 |
Cash | 81,900 | |
Additional paid-in capital | 8,400 | |
Treasury Stock | 90,300 |
Cash | 81,900 | |
Loss on sale of treasury stock | 8,400 | |
Treasury Stock | 90,300 |
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