Ask Experts Questions for FREE Help !
Ask
    Griggles12386's Avatar
    Griggles12386 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 24, 2007, 04:58 PM
    Repurchasing stock fromm an employee with a check
    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's Avatar
    Hermansherman Posts: 37, Reputation: 4
    Junior Member
    		  
    #2

    Sep 25, 2007, 05:06 AM
    Quote Originally Posted by Griggles12386
    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
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accounting for treasury stock used in stock dividend [ 1 Answers ]

How do I account for treasury stock use in a stock dividend for preferred stock? What would the journal entry by? I don't believe I should debit retained earnings for this transaction, but I'm not sure what account to debit. Please Help

Absorption Costing - Opening stock and closing stock query? [ 3 Answers ]

Hi guys, I have an absorption costing query on the profit statement, here are the notes: Selling price per unit = £20 Sales for year 1 = 10,000 Production = 20,000 Production Cost Per Unit = £10 YEAR ONE

Stock Split and Stock Dividend Differentiated [ 2 Answers ]

What are the differences between the accounting and securities market between the 2 methods of increasing the number of shares outstanding. The 2 methods are stock splits and stock dividends.

No taxes taken out of my employee check [ 4 Answers ]

I have started a small painting business, I had several workers, about 4 of them only worked 1 or 2 weeks, making under $600. I wrote out checks to them from my painting account, I have 1 employee that made $3,000. What form do I need to send him so I can claim it as a deduction, no taxes were...

Employee stock purchase [ 1 Answers ]

Hello, I bought some stocks of my company using the Employee stock purchase plan while I was in India. I have moved to the US to the same company on L1 visa and the stocks are still in my account. I wish to sell them now. Where do I need to show this income and pay tax on it? India or US? Thanks,...

View more questions Search