9. On November 7, Blue Duck Corporation bought back 700 shares of its $11 stated value common stock at $17 per share for a total of $11,900. The correct entry to record this transaction is: Debit Treasury Stock, $11,900; credit Cash, $11,900. Debit Cash, $11,900; credit Treasury Stock, $11,900.n 2 Debit Cash, $7,700; credit Treasury Stock, $7,700. None of these
9. On November 7, Blue Duck Corporation bought back 700 shares of its $11 stated value common stock at $17 per share for a total of $11,900. The correct entry to record this transaction is: Debit Treasury Stock, $11,900; credit Cash, $11,900. Debit Cash, $11,900; credit Treasury Stock, $11,900.n 2 Debit Cash, $7,700; credit Treasury Stock, $7,700. None of these
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...
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