Cameron, Inc. held 1,000 shares of its own $10 par value common stock purchased for $20...
Cameron, Inc. held 1,000 shares of its own $10 par value common stock purchased for $20 per share. In March, Cameron sold 10 shares at $20 per share. The journal entry to record the sale of treasury stock would include a (debit/credit) ________ to Treasury Stock in the amount of ________.
Please show your work
credit; $100
credit; $200
debit; $100
debit; $200
Homework Answers
The entry would be
| Debit | Credit | |
| Cash (10*20) | 200 | |
| Treasury stock | 200 | |
Credit, $200
(Option B is the answer)
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