Question: Moore Corporation repurchased 4 000 shares of its own stock for

Moore Corporation repurchased 4,000 shares of its own stock for $30 per share. The stock has a par of $10 per share. A month later Moore resold 2,500 shares of the treasury stock for $35 per share.

Required
a. Record the two events in general journal format.
b. What is the balance of the treasury stock account after these transactions?


View Solution:


Sale on SolutionInn
Sales3
Views400
Comments
  • CreatedOctober 12, 2013
  • Files Included
Post your question
5000