Question: View Policies Show Attempt History Current Attempt in Progress The original sale of the $50 par value common shares of Flint Company was recorded as


View Policies Show Attempt History Current Attempt in Progress The original sale of the $50 par value common shares of Flint Company was recorded as follows: 285,600 Cash 255,000 Common Stock 30,600 Paid-in Capital in Excess of Par Transactions: (a) Bought 390 shares of common stock as treasury shares at $62. (b) Sold 110 shares of treasury stock at $59. (c) Sold 70 treasury shares at $69. Record the treasury stock transactions (given above) under the cost method. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) 2.21 (D) Sold 110 shares of treasury stock at $59. (c) Sold 70 treasury shares at $69. Record the treasury stock transactions (given above) under the cost method. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Account Titles and Explanation Debit Credit (a) (C)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
