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Walter Melon Grocery Store Corp. sold 100 shares of treasury stock for $40 per share. The cost for the shares was $30. Original par value
Walter Melon Grocery Store Corp. sold 100 shares of treasury stock for $40 per share. The cost for the shares was $30. Original par value on the stock was $10 per share. The entry to record the sale will include a: (Choose all of the correct answers.) Credit to Additional Paid-in-Capital for $3,000 Debit to Treasury Stock for $3,000 Credit to Gain on Sale of Treasury Stock for $1,000 Credit to Treasury Stock for $3,000 Credit to Additional Paid-in-Capital for $1,000
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