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Swifty Corporation acquired 18200 shares of its own common stock at $21 per share on February 5, 2018, and sold 9100 of these shares at
Swifty Corporation acquired 18200 shares of its own common stock at $21 per share on February 5, 2018, and sold 9100 of these shares at $28 per share on August 9, 2019. The fair value of Swifty's common stock was $25 per share at December 31, 2018, and $26 per share at December 31, 2019. The cost method is used to record treasury stock transactions. What account(s) should Swifty credit in 2019 to record the sale of 9100 shares?
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