Repurchasing stock fromm an employee with a check

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Griggles12386

Sep 24, 2007, 04:58 PM

I'm just trying to make create the General Journal and I want to know what I would Dr and Cr when a company repurchases their own stock from an employee with a check?

Hermansherman

Sep 25, 2007, 05:06 AM

I'm just trying to make create the General Journal and I want to know what I would Dr and Cr when a company repurchases their own stock from an employee with a check?
Dr Treasury Stock
Cr. Cash