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

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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FINANCIAL/MAN.
WileyPLUS
Weygandt, Accounting Principles, 13e
Read, Study & Practice
Assignment
Gradebook
ORION
Downloadable eTextbook
Home
Assignment > Open Assignment
FULL SCREEN
PRINTER VERSION
1 BACK
NEXT
CALCULATOR
ASSIGNMENT RESOURCES
Do It! Review 13-02b
Chapter 13 Homework
O Do Iti Review 13-026
O Exercise 13-01
Problem 13-01A a-c
(Part Level Submission)
Problem 13-05A
Z 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.)
Review Score
Review Results by Study
Objective
Date
Account Titles and Explanation
Debit
Crea
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
Transcribed Image Text:FINANCIAL/MAN. WileyPLUS Weygandt, Accounting Principles, 13e Read, Study & Practice Assignment Gradebook ORION Downloadable eTextbook Home Assignment > Open Assignment FULL SCREEN PRINTER VERSION 1 BACK NEXT CALCULATOR ASSIGNMENT RESOURCES Do It! Review 13-02b Chapter 13 Homework O Do Iti Review 13-026 O Exercise 13-01 Problem 13-01A a-c (Part Level Submission) Problem 13-05A Z 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.) Review Score Review Results by Study Objective Date Account Titles and Explanation Debit Crea 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
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