Elroy Corporation repurchased 3,900 shares of its own stock for $35 per share. The stock has a par of $10 per share. A month later, Elroy resold 975 shares of the treasury stock for $43 per share. Required m. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions? Complete this question by entering your answers in the tabs below. Required A Required B What is the balance of the treasury stock account after these transactions? Balance of treasury stock < Required A
Elroy Corporation repurchased 3,900 shares of its own stock for $35 per share. The stock has a par of $10 per share. A month later, Elroy resold 975 shares of the treasury stock for $43 per share. Required m. Record the two events in general journal format. b. What is the balance of the treasury stock account after these transactions? Complete this question by entering your answers in the tabs below. Required A Required B What is the balance of the treasury stock account after these transactions? Balance of treasury stock < Required A
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter12: Statement Of Stockholders’ Equity (stockeq)
Section: Chapter Questions
Problem 4R: The following selected transactions and events occurred during 2013: a. Issued 200 shares of...
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