Question
On September 12, our company purchased 2,000 shares of the companys $1 par value common stock as treasury stock, paying $9 cash. What account(s) and
On September 12, our company purchased 2,000 shares of the companys $1 par value common stock as treasury stock, paying $9 cash. What account(s) and amount(s) would we debit when we record the journal entry for this transaction?
cash, $2,000
common stock, $18,000
treasury stock, $18,000
treasury stock, $2,000
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Remote Auditing A Quick And Easy Guide For Management System Auditors
Authors: Denise Robitaille
1st Edition
1932828311, 978-1932828313
