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-   -   Common stock for the treasury (https://www.askmehelpdesk.com/showthread.php?t=288106)

  • Dec 3, 2008, 07:37 PM
    Snowhite65
    Common stock for the treasury
    I do not understand how to journalize the following transaction.

    Purchased 1,000 shares of common stock for the treasury at a cost of $6,000.
  • Dec 5, 2008, 04:57 AM
    pready

    Debit Treasury Stock for 6,000
    Credit Cash for 6,000
    (1,000 shares @ $6.00 per share)

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