subject
Business, 26.01.2020 22:31 janaehanzy0

Our company originally issued 1,000 shares of $1 par value common stock for $9 per share. we repurchased 200 shares of the stock as treasury stock for $10 per share. on september 5, we sold 100 shares of treasury stock for $12 per share. what account(s) and amount(s) would we credit when we record the journal entry for the september 5 transaction? (a) cash, $2,000 (b) treasury stock, $2,000 (c) treasury stock, $18,000 (d) cash, $18,000.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:30
Which of the following statements is true regarding the definition of a fund? a fund is a fiscal entity which is designed to provide reporting that demonstrates conformance with finance-related legal and contractual provisions separately from gaap reporting. a fund exists to assist in carrying on activities and attaining objectives where there are no specific rules or restrictions. a fund is an accounting entity which is designed to enable reporting in conformity with gaap without being restricted by legal or contractual provisions. a fund is a mechanism developed to provide accounting for revenues and expenditures that are subject to certain restrictions separate from revenues and expenditures that are not subject to restrictions.
Answers: 1
question
Business, 22.06.2019 07:10
1. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount of unearned interest. 2. the healthy pantry bought new shelving and financed $7,300 with 36 monthly payments of $267.65 each. suppose the firm pays the loan off with 13 payments left. use the rule of 78 to find the amount necessary to pay off the loan. ! i entered 967.82 for question 1 and 5,455.78 for question 2 and it said it was
Answers: 3
question
Business, 22.06.2019 11:20
Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).
Answers: 3
question
Business, 22.06.2019 14:30
Taking commercial paper means the holder acts honestly
Answers: 1
You know the right answer?
Our company originally issued 1,000 shares of $1 par value common stock for $9 per share. we repurch...
Questions
question
Mathematics, 27.04.2021 19:30
question
Mathematics, 27.04.2021 19:30
question
Mathematics, 27.04.2021 19:30
Questions on the website: 13722363