Question
Using the following information, the journal entry to record the March 5th transaction will be: January 1: Walgreens reacquires 2,000 shares of its $15 par
Using the following information, the journal entry to record the March 5th transaction will be: January 1: Walgreens reacquires 2,000 shares of its $15 par value Common Stock for $66 per share. March 5: Walgreens reissues 1,000 of the above-mentioned shares for $75 per share.
Cash 75,000
Treasury Stock 66,000
Gain on Sale of TS 9,000
Cash 75,000
Treasury Stock 15,000
APIC TS 60,000
Cash 75,000
Treasury Stock 66,000
APIC TS 9,000
Cash 75,000
Treasury Stock 66,000
Investment Income 9,000
Cash 75,000
Treasury Stock 75,000
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Financial And Managerial Accounting 9th Edition Bycrosson
Authors: Crosson
9th Edition
B00650OLZE
