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Prior To June 30, A C I https:/ Tell us who you are Don't just...

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Accounting

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Prior To June 30, A C I https:/ Tell us who you are Don't just watch TV. Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at S46 per share on August 1it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the repurchase of stock on June 302 Multiple Choice Debit Common Stock $4,000: credit Cash $4,000 Debit Treasury Stock $3,900, debit Paid-in Copital. Treasury Stock S100, credit Cash $4,000

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