Apple Inc. designs, manufactures, and markets mobile communication and media devices, personal computers, and portable digital music
Question:
Required:
1. Prepare the journal entry to record the purchase of treasury stock in 2014.
2. Assume that Apple resold some of the treasury stock. The shares were original purchased for $9 million and were resold for $10 million. Prepare the journal entry to record the sale of the treasury shares.
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Related Book For
Financial Accounting
ISBN: 978-1259222139
9th edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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