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    bogota's Avatar
    bogota Posts: 1, Reputation: 1
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    #1

    May 21, 2008, 12:28 PM
    Closing entry for treasury stock
    I am taking accounting 202 corporations. I need to know how to do the closing entry to the end of the year for treasury stock. Thanks. Marlenne:mad:
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    May 22, 2008, 03:59 PM
    Treasury stock is a permanent account. It doesn't close. Only revenues, expenses and dividends close.
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