corporation originally issued $10 par value common stock for $13 per share. It purchased 2,000 shares of its own stock for $19 per share. Which of the following would be the journal entry for the sale of 10 shares of reasury stock for $16 per share? Assume the Paid-in Capital from Treasury Stock Transactions has a credit balance of $300. 190 Treasury Stock-Common Paid-in Capital from Treasury Stock Transactions Cash Cash Treasury Stock - Common Cash Retained Earnings Treasury Stock - Common Cash Paid-in Capital from Treasury Stock Transactions Treasury Stock - Common 160 160 30 160 30 160 160 190 190
corporation originally issued $10 par value common stock for $13 per share. It purchased 2,000 shares of its own stock for $19 per share. Which of the following would be the journal entry for the sale of 10 shares of reasury stock for $16 per share? Assume the Paid-in Capital from Treasury Stock Transactions has a credit balance of $300. 190 Treasury Stock-Common Paid-in Capital from Treasury Stock Transactions Cash Cash Treasury Stock - Common Cash Retained Earnings Treasury Stock - Common Cash Paid-in Capital from Treasury Stock Transactions Treasury Stock - Common 160 160 30 160 30 160 160 190 190
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 12MC: A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting...
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