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  3. 20. comfort realty purchases 3,000 shares of its $

20. Comfort realty purchases 3,000 shares of its $50 par value common stock for $180,000 cash...

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Accounting

20. Comfort realty purchases 3,000 shares of its $50 par valuecommon stock for $180,000 cash on July 1. It will hold the sharesin the treasury until resold. On November 1, the corporation sells1,000 shares of treasury stock for cash at $70 per share.Journalize the treasury stock transactions

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Treasury stock are stock that has been purchased by the company in the open market which are companies own stock These shares are not shown as an asset in the balance sheet but    See Answer
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