Glaser company paid $36,000 to buy 3,000 shares of its $5 par value common stock for the treasury. The stock wa originally sold for $27,000. The entry to record the purchases includes

Glaser company paid $36,000 to buy 3,000 shares of its $5 par value common stock for the treasury. The stock wa originally sold for $27,000. The entry to record the purchases includes

Glaser company paid $36,000 to buy 3,000 shares of its $5 par value common stock for the treasury. The stock wa originally sold for $27,000. The entry to record the purchases includes what?

Hi, crazyclw!

This isn't some computer where a person just plugs in their questions and the answers pop out. There are real people here who are volunteers who give freely of their time to help people with questions and other things.

Now, are you looking for a direct answer to the question, or for someone to come along and teach you how to come up with the correct answer yourself, please?

If the former is true, please click on the following link to read the announcement there.

https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html

Thanks!

Dr. Treasury Stock 15000
Dr. Premium on issue 12000
Dr. Loss on purchase of treasury stock 9000

Cr. Bank Account 36000

shazydotcom, we are not here just to answer people's homework for them. Especially with no explanation. Read the link in the thread above yours.

And it's also incorrect.