Question
Treasury stock that had been purchased for $4,781 last month was reissued this month for $5,066. What would the journal entry to record the reissuance
Treasury stock that had been purchased for $4,781 last month was reissued this month for $5,066. What would the journal entry to record the reissuance include?
Select the correct answer.
Credit to Excess of Par/Common for $285
Credit to Treasury Stock for $285
Credit to Treasury Stock for $4,781
Debit to Treasury Stock for $4,781
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Management Accounting For Business Decisions
Authors: Colin Drury
2nd Edition
1861527705, 978-1861527707
