Top Posters
Since Sunday
18
13
r
6
6
u
5
V
4
b
4
r
4
o
4
d
4
n
4
l
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
fudger fudger
wrote...
Go to Answer
Posts: 271
Rep: 0 0
4 years ago
A corporation originally issued $7 par value common stock for $15 per share. Which of the following is included in the entry to record the purchase of 300 shares of treasury stock for $12 per share?
A) Treasury StockCommon is debited for $3,600.
B) Treasury StockCommon is credited for $45.
C) Retained Earnings is debited for $1,800.
D) Treasury StockCommon is debited for $1,800.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
Read 26 times
1 Reply
Replies
Answer verified by a subject expert
DragonHeartDragonHeart
wrote...
#1
Posts: 121
Rep: 43 0
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
 A
Explanation:  A) Total amount debited to Treasury StockCommon = No. of shares  purchase price per share =  

Related Topics

fudger Author
wrote...

4 years ago
This helped my grade so much Perfect
nsak
wrote...

Yesterday
Thank you, thank you, thank you!
mikeh209
wrote...

2 hours ago
Thanks for your help!!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  277 People Browsing
 283 Signed Up Today
Start New Topic Take the Tour Study Tips Study ToolsNew Topics Trending Browse by Textbook
Related Images
  
 825
  
 155
  
 182