In 2009 Junior Corp acquired 6,000 shares of its $1 par value common stock at $36 per share. During 2010 Junior issued 3,000 of these shares at $50 per share Junior uses the cost method to account for its treasury stock transactions. What accounts and amounts should Junior credit in 2010 to record the issuance of the 3000 shares?

Answer rating: 100% (QA)

Junior r Corp 2009 acquired 6000 shares SI Par Value Common stock shar... View the full answer