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Paused Return to Blackboard LUS Kieso, Intermediate Accounting, 17e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT CES Question 11 Sheridan Company issued 100000 shares
Paused Return to Blackboard LUS Kieso, Intermediate Accounting, 17e Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT CES Question 11 Sheridan Company issued 100000 shares of $10 par common stock for $1140000. A year later Sheridan acquired 15600 shares of its own common stock at $14 per share. Three months later Sheridan sold 8100 of these shares at $18 per share. If the cost method is used to record treasury stock transactions, to record the sale of the 8100 treasury shares, Sheridan should credit O Treasury Stock for $113400 and Paid-in Capital in Excess of Par for $32400. Treasury Stock for $145800. Treasury Stock for $81000 and Paid-in Capital from Treasury Stock for $64800. Treasury Stock for $113400 and Paid-in Capital from Treasury Stock for $32400. Open Show Work dy. Click if you would like to Show Work for this question: SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 1 used
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