What is the journal entry to record the purchase of the 1000 shares of treasury stock for
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Question:
A. Dr. Cash 40000; Cr. Treasury Stock-- Common 40000.
B. Dr. Treasury Stock--Common 40000. Cr. Cash 40000
C. Dr. Cash 40000; Cr. Common Stock 40000.
D. Dr. Common Stock 40000; Cr. Cash 40000
E. None of the above
Related Book For
Financial accounting
ISBN: 978-0132751124
9th edition
Authors: Walter T. Harrison Jr., Charles T. Horngren, C. William Thom
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