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    pjhbookkeeper's Avatar
    pjhbookkeeper Posts: 2, Reputation: 1
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    #1

    Aug 29, 2009, 01:17 PM
    Treasury Stock Journal Entries
    How to journalize the buy back of corporate stock?
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Aug 29, 2009, 01:30 PM

    Treasury stock is a contra equity account, so it's a debit. So you just debit that and credit cash (as you would any time you pay cash), for the current value it was purchased at. That's it.
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