Oman airports repurchases 4500 shares of its own common stock from stockholders. The par value of the share is OMR 15 and the company reacquires it for OMR 90. Choose the correct journal entry to record the situation. Dr. Treasury stock 405,000 Cr. Share capital 405,000 Dr. Treasury stock OMR 405,000 Cr. Bank OMR 405,000 Dr. Bank 405,000 Cr. Treasury stock 405,000 None of these
Oman airports repurchases 4500 shares of its own common stock from stockholders. The par value of the share is OMR 15 and the company reacquires it for OMR 90. Choose the correct journal entry to record the situation. Dr. Treasury stock 405,000 Cr. Share capital 405,000 Dr. Treasury stock OMR 405,000 Cr. Bank OMR 405,000 Dr. Bank 405,000 Cr. Treasury stock 405,000 None of these
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Oman airports repurchases 4500 shares of its own common stock from stockholders. The par value of the share is OMR 15 and
the company reacquires it for OMR 90. Choose the correct journal entry to record the situation.
Dr. Treasury stock 405,000 Cr. Share capital 405,000
Dr. Treasury stock OMR 405,000 Cr. Bank OMR 405,000
Dr. Bank 405,000 Cr. Treasury stock 405,000
None of these
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