Required information Use the following information for the Brief Exercises below [The following information applies...
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Accounting
Required information Use the following information for the Brief Exercises below [The following information applies to the questions displayed below.) California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $34 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $37 per share. Brief Exercise 10-9 Record sale of treasury stock (LO10-4) Record the transaction if California Surf resells the 100 shares of treasury stock at $39 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 Record the sale of treasury stock. Note: Enter debits before credits. General Journal Debit Credit Transaction 1 Record entry Clear entry View general journal
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