Question

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.



$1.99
Sales3
Views227
Comments0
  • CreatedJanuary 30, 2014
  • Files Included
Post your question
5000