Question: Ch 11: End-of-Chapter Practice Current Attempt in Progress Your answer is partially correct Concord Corporation purchased 2.400 shares of its 512 par value common stock
Ch 11: End-of-Chapter Practice Current Attempt in Progress Your answer is partially correct Concord Corporation purchased 2.400 shares of its 512 par value common stock for $160,800 on August 1. It will hold these shares in the treasury until resold on December 1, the corporation sold 1.440 shares of treasury stock for cash at $73 per share Journalize the treasury stock transactions. Record journal entries in the order presented in the problem. Credit accountries are automatically indented when amount is entered. Do not indent manually. If no entry is required, select No Entry for the accounts and enter for the amounts.) Date Account Titles and Explanation Debit Credit Aug 1 Treasury Stock 160.000 Cash 160.800 Dec. 1 Treasury Stock 17,200 Pad Capital from the Stock e Textbook and Media Asistance Used
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