Sale of Treasury Stock In January 2021, ABC Co. purchased 2,000 shares of its stock...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Sale of Treasury Stock In January 2021, ABC Co. purchased 2,000 shares of its stock at $20.00 per share. Throughout 2021 they have been seling the shares of Treasury Stock back to the public: they have 400 shares remaining The PIC Treasury Stock has a a credit balance of 53000 On 12 2021. ABC Co sells the remaining 400 shares at 10.00 per share. Required: Record the Journal Entry for the sale of the remaining 400 shares of Treasury stock $10.00 per share. Arial (1200) T.E.B. Q30 Pathop Words:0
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.