Homework Answers
Journal entry
| Date | account and explanation | Debit | Credit |
| Cash (10100*28) | 282800 | ||
| Treasury stock (10100*21) | 212100 | ||
| Paid in capital from sale of treasury stock | 70700 |
So answer is b) Treasury stock for $212100 and paid in capital from treasury stock for $70700
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Multiple Choice Question 50 Waterway Industries acquired 20200 shares of its own common stock at $21...
QUESTION 3 Bramble Corp. acquired 22200 shares of its own common stock at $21 per share...
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In 2020, Concord Corporation acquired 15500 shares of its own $1 par value common stock at...
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