D. Sold 500 shares of treasury stock at $11. If an amount box does not require an entry, leave it blank. fill in the blank 080e17ff700707d_2 fill in the blank 080e17ff700707d_3 fill in the blank 080e17ff700707d_5 fill in the blank 080e17ff700707d_6 fill in the blank 080e17ff700707d_8 fill in the blank 080e17ff700707d_9 B. Sold 500 shares of treasury stock at $15. If an amount box does not require an entry, leave it blank.
Please answer letter D and please confirm that I have B correct. It was answered a few minutes ago, but I'm not sure I understood the wording the tutor put in my answer.
A company has 10,000 shares of $10 par common stock outstanding. Prepare entries to record the following:
D. Sold 500 shares of
| fill in the blank 080e17ff700707d_2 | fill in the blank 080e17ff700707d_3 | ||
| fill in the blank 080e17ff700707d_5 | fill in the blank 080e17ff700707d_6 | ||
| fill in the blank 080e17ff700707d_8 | fill in the blank 080e17ff700707d_9 |
B. Sold 500 shares of treasury stock at $15. If an amount box does not require an entry, leave it blank.
| Cash | 7500 | ||
| Paid-In Capital from Sale of Treasury Stock | 6000 | ||
| Paid-In Capital in Excess of Par-Common Stock | 1500 |
Treasury stock refers to a method used by the organization to repurchase the issued stock. It is also known with the name of buyback of share. The management has the power to reissue these treasury stock in the future.
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