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The original sale of the $50 par value common shares of Buffalo Company was recorded as follows: 290,700 Cash Common Stock Paid-in Capital in Excess
The original sale of the $50 par value common shares of Buffalo Company was recorded as follows: 290,700 Cash Common Stock Paid-in Capital in Excess of Par 255,000 35,700 Transactions: (6) (c) Bought 400 shares of common stock as treasury shares at $62. Sold 140 shares of treasury stock at $59. Sold 60 treasury shares at $67. Record the treasury stock transactions (given above) under the cost method. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit No. Account Titles and Explanation (a) (b) (c)
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