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please answer its 2 part. thanks Following is the stockholders' equity section of the balance sheet of Homewood Corporation: Daid_in manital. The entry to record
please answer its 2 part. thanks
Following is the stockholders' equity section of the balance sheet of Homewood Corporation: Daid_in manital. The entry to record the Homewood purchase of 15,000 shares of its common stock at $12.50 per share includes: Select one: a. a debit to Retained Earnings for $75,000 b. a credit to Common Stock for $75,000 c. a debit to Treasury Stock for $187,500 d. a credit to Paid-in Capital in Excess of Par Value-Common for $112,500 Clear my choice Referring to question 20 , the entry to record the sale of 8,000 shares of treasury stock that cost $12.50 per share for $13 per share includes a: Select one: a. debit to Retained Earnings for $104,000 b. credit to Paid-in Capital from Treasury Stock Transactions for $4,000 c. debit to Treasury Stock for $96,000 d. credit to Common Stock for $40,000 Step by Step Solution
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