A corporation originally issued $10 par value common stock for $13 per share. It purchased 2,000 shares of its own stock for $19 per share. Which of the following would be the journal entry for the sale of 10 shares oftreasury stock for $16 per share? Assume the Paid-in Capital from Treasury Stock Transactions has a credit balance of $300.O Treasury StockCommon190Paid-in Capital from Treasury Stock TransactionsCashO CashTreasury Stock CommonO CashRetained EarningsTreasury Stock - CommonO CashPaid-in Capital from Treasury Stock TransactionsTreasury Stock - Common1601603016030160160190190

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Answered: corporation originally issued $10 par…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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