Assignment Gradebook ORION Downloadable eTextbook Read, Study & Practice ment > Open Assignment FULL SCREEN PRINTER VERSION BACK NEXT CALCULATOR NMENT RESOURCES Do It! Review 13-02b er 13 Homework Iti Review 13-02b rcise 13-01 blem 13-01A a-s urt Level Submission) eblem 13-05A 2 Your answer is partially correct. Try again. Fouts Corporation purchased 2,000 shares of its $10 par value common stock for $130,000 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 1,200 shares of treasury stock for cash at $72 per share. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when amount is entered. Do not indent manually.) w Score w Results by Study tive Account Titles and Explanation Debit Crea Date Aug. 1 Treasury Stock 130,000 Cash 130,000 Dec. 1 Cash 86,400 Treasury Stock Paid-in Capital from Treasury Stock SHOW LIST OF ACCOUNTS LINK TO TEXT
Assignment Gradebook ORION Downloadable eTextbook Read, Study & Practice ment > Open Assignment FULL SCREEN PRINTER VERSION BACK NEXT CALCULATOR NMENT RESOURCES Do It! Review 13-02b er 13 Homework Iti Review 13-02b rcise 13-01 blem 13-01A a-s urt Level Submission) eblem 13-05A 2 Your answer is partially correct. Try again. Fouts Corporation purchased 2,000 shares of its $10 par value common stock for $130,000 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 1,200 shares of treasury stock for cash at $72 per share. Journalize the treasury stock transactions. (Record journal entries in the order presented in the problem. Credit account titles are automatically Indented when amount is entered. Do not indent manually.) w Score w Results by Study tive Account Titles and Explanation Debit Crea Date Aug. 1 Treasury Stock 130,000 Cash 130,000 Dec. 1 Cash 86,400 Treasury Stock Paid-in Capital from Treasury Stock SHOW LIST OF ACCOUNTS LINK TO TEXT
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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