Question
Treasury stock that had been purchased for $4,566 last month was reissued this month for $5,184. What would the journal entry to record the reissuance
Treasury stock that had been purchased for $4,566 last month was reissued this month for $5,184. What would the journal entry to record the reissuance include?
Select the correct answer.
Credit to Treasury Stock for $618
Credit to Treasury Stock for $4,566
Credit to Excess of Par/Common for $618
Debit to Treasury Stock for $4,566
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Accounting An Introduction
Authors: Eddie McLaney, Peter Atrill
3rd Edition
0273688227, 978-0273688228
