Brief Exercise 10-10 (Algo) Record sale of treasury stock (LO10-4) Sunshine Clothing Company issues 1,600 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to purchase 130 shares at a cost of $39 per share. Record the transaction if Sunshine resells the 130 shares of treasury stock at $35 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction st Journal entry worksheet Record the transaction if Sunshine resells the 130 shares of treasury stock at $35 per share. Note: Enter debits before credits Transaction 1 Record entry General Journal Clear entry Debit Credi View general journal < Prev 9 of 10 Next >
Brief Exercise 10-10 (Algo) Record sale of treasury stock (LO10-4) Sunshine Clothing Company issues 1,600 shares of $1 par value common stock at $35 per share. Later in the year, the company decides to purchase 130 shares at a cost of $39 per share. Record the transaction if Sunshine resells the 130 shares of treasury stock at $35 per share. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction st Journal entry worksheet Record the transaction if Sunshine resells the 130 shares of treasury stock at $35 per share. Note: Enter debits before credits Transaction 1 Record entry General Journal Clear entry Debit Credi View general journal < Prev 9 of 10 Next >
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Brief Exercise 10-10 (Algo) Record sale of treasury stock (LO10-4)
Sunshine Clothing Company issues 1,600 shares of $1 par value common stock at $35 per share. Later in the year, the company
decides to purchase 130 shares at a cost of $39 per share.
Record the transaction if Sunshine resells the 130 shares of treasury stock at $35 per share. (If no entry is required for a particular
transaction/event, select "No Journal Entry Required" in the first account field.)
View transaction list
Journal entry worksheet
Record the transaction if Sunshine resells the 130 shares of treasury stock at
$35 per share.
Note: Enter debits before credits.
Transaction
1
Record entry
General Journal
Clear entry
Debit
Credi
View general journal
< Prev
9 of 10
Next >
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