Question: Why is the answer 0? Please show all three journal entries from March 1, 2021 to September1, 2021 On March 1, 2021, Soap Company issued
Why is the answer 0? Please show all three journal entries from March 1, 2021 to September1, 2021
On March 1, 2021, Soap Company issued 2,000 shares of common stock for $24 per share. The common stock has a par value of $2. On June 15, 2021, Soap repurchased 500 shares at a cost of $22 per share. On September 1, 2021, Soap reissued 300 of the repurchased shares of for $5,700. For the transaction on September 1, what amount should be Soap Company debit to the Paid-in Capital account? Answer: 900 X The correct answer is: 0
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