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Home > Business & Careers > Accounting   »   Journal Entry

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Old Mar 7, 2007, 12:22 PM
griffeyjr17
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Journal Entry
issued a check to a person in the amount of $240 for 25 shares of $10 par value common stock. The stock will be held as treasury stock. What is the journal entry?

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Old Mar 7, 2007, 03:31 PM   #2  
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dr. treasury stock $240
cr. cash $240

treasury stocks are recorded at aqcuisition cost
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