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  3. common stock - par $1, 10,000 shares = $10,000 pre

Common Stock - par $1, 10,000 shares = $10,000 Preffered stock 10% (par $1, 100,000...

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Accounting

Common Stock - par $1, 10,000 shares = $10,000

Preffered stock 10% (par $1, 100,000 shares) = $100,000

Paid in Capital in Excess of Par $500,000

What is the journal entry if the company resold 1,000 shares of treasury stock at $10 cash per share?

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