Ask Experts Questions for FREE Help !
Ask
    cat55's Avatar
    cat55 Posts: 5, Reputation: 1
    New Member
    		  
    #1

    Dec 9, 2008, 06:13 PM
    Accounting treasury stock
    a company had 1000 shares of $5 par value common stock outstanding. They entered in to the following transactions of their own stock
    1. purchased 100 shares of $25 per share
    2. sold 20 of those shares for $30 per share
    3. sold an additional 20 shares for $18 per share

    record on t accounts
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Dec 10, 2008, 02:33 PM

    See answer for same question in the Education Homework Help section for Accounting
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

Accounting for treasury stock [ 1 Answers ]

Explain how a company would account for each of the following: 1.Purchase of shares at a price less than par value. 2.Subsequent resale of treasury shares at a price less than purchase price, but more than par value. 3.Subsequent resale of treasury shares at a price greater than both purchase...

Treasury stock [ 1 Answers ]

The purchase of treasury stock for cash.. What effect does it have upon total assests, total stockholders equity, shares issued, and shares outstanding?

Treasury Stock [ 1 Answers ]

Hi I need some help on this question. Prepare in journal form the following entries. 1 Oct 1 Purchased 1,000 shares of it's own $2 par value common stock for $20 per share, the current market price 2. Sold 250 shares of treasury stock purchased on Oct 1 for $25 per share. 3. Sold 400 shares of...

Treasury Stock [ 1 Answers ]

Are dividends paid on treasury stock?

View more questions Search