Illustrate what accounts and amounts should ramadi credit

Assignment Help Financial Accounting

Reference no: EM13123875

In 2010, Ramadi Corp. acquired 6,000 shares of its own $1 par value common stock at $18 per share. In 2011, Ramadi reissued 3,000 of these shares at $25 per share. Ramadi uses the cost method to account for its treasury stock transactions. What accounts and amounts should Ramadi credit in 2011 to record the reissuance of the 3,000 shares?

Reference no: EM13123875

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Illustrate what accounts and amounts should ramadi credit : Ramadi uses the cost method to account for its treasury stock transactions. Illustrate what accounts and amounts should Ramadi credit in 2011 to record the reissuance of the 3,000 shares?

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