Question
The company purchased shares of stock from circulation at a price of Rp 500 million. The journals are: a. Treasury stock (dr) Rp 500 million,
The company purchased shares of stock from circulation at a price of Rp 500 million. The journals are:
a. Treasury stock (dr) Rp 500 million, and cash (cr) Rp 500 million
b. Treasury stock (dr) Rp 500 million, and common shares (cr) Rp 500 million
c. Cash (dr) Rp 500 million, and Treasury stock (Cr) Rp 500 million
d. Cash (dr) IDR 500 million and Common shares (cr) IDR 500 million
e. Common shares (dr) IDR 500 million, and Cash (cr) IDR 500 million
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
11th Edition
111856667X, 978-1118566671
