Refer to the data in PE 11-7 and 11-8. Diviney resells 300 shares of treasury stock for

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Refer to the data in PE 11-7 and 11-8. Diviney resells 300 shares of treasury stock for $28 per share. Make the necessary journal entry (or entries) to record this transaction.

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Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

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Question Posted: Dec 27, 2011 09:53 AM

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Refer to the data in PE 11-7 and 11-8. Diviney resells 300 shares of treasury stock for

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Cash 300 shares x 28 8400 PaidIn Capital Treasury Stock 1...View the full answer

Accounting concepts and applications

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