Blue Ocean Company issued 6000 shares of $1 par value, common stock for $8 market...
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Accounting
Blue Ocean Company issued 6000 shares of $1 par value, common stock for $8 market value per share. Choose the correct journal entry related to treasury stock if you know that the company has reacquired 3000 shares for 15 per share Multiple Choice Treasury stock $45.000 (debit) Cash $45.000 (credit) Treasury stock $6000 (debit) Cash $6000 (credit) Cash $6000 (debut). Treasury stack $6000 (credit) Cash $45,000 (debit), Treasury stock $45,000 (credit)
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