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par value = $50 Common Stock $120,000 Paid in excess- Common Stock 36,000 Retained Earnings 30,000 (Credit Balance) Record the treaury stock transactions given below
par value = $50
Common Stock $120,000
Paid in excess- Common Stock 36,000
Retained Earnings 30,000 (Credit Balance)
Record the treaury stock transactions given below assuming a FIFO method for purchase/sale purposes under the Cost Method.
A. Bought 300 shares of treasury stock at $63 per share
B. Bought 150 shares of treasury stock at $67 per share
C. Sold 225 shares of treasury stock at $64 per share
D. Sold 120 shares of treasury stock at $58 per share
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