Salon company originally issued 3000 shares of 10 par value

Reference no: EM13569803

Salon company originally issued 3,000 shares of $10 par value common stock for $90,000 . Salon subsequently purchases 300 shares of treasury stock for $27 per share and resells the 300 shares of treasury stock for $29 per share. In the entry to record the sale of the treasury stock, there will be a a. credit to Paid-In Capital from Treasury Stock for $600 b. credit to Common Stock for $8,100 c. credit to Treasury Stock for $3,000 d. debit to Paid-In Capital in Excess of Par of $9,000.

Reference no: EM13569803

Questions Cloud

Responsibility for the fixed cost volume variance ragan : responsibility for the fixed cost volume variance ragan company expected to sell 400000 of its pagers during 2011. it

In the current year alice reports 150000 of salary income : in the current year alice reports 150000 of salary income 20000 of income from activity x 35000 and 15000 losses from

Non thermal technologies advanced food technology hai i am : hai i am new to this site ltbrgti need to submit that assignment its very important to me. usually i do assignments on

Louis industries normally produces and sells 5000 keyboards : louis industries normally produces and sells 5000 keyboards for personal computers each month. variable manufacturing

Salon company originally issued 3000 shares of 10 par value : salon company originally issued 3000 shares of 10 par value common stock for 90000 . salon subsequently purchases 300

Updraft systems inc makes paragliders for sale through : updraft systems inc. makes paragliders for sale through specialty sporting goods stores. the company has a standard

Which accounting assumption principle information : which accounting assumption principle information characteristic or constraint is the most applicablea. all payments

Langer company has three products a b and c that use common : langer company has three products a b and c that use common facilities. the relevant data concerning these three

Why are interviews in fraudulent financial statements and : why are interviews in fraudulent financial statements and tax returns handled differently than interviews in other

User Account

All Pages