contestada

Logan, Inc. Held 500 shares of treasury stock with a cost of $10 per share. In December, Logan sold 10 shares at $20 per share. The journal entry to record the sale of treasury stock using the cost method would include a (debit/credit) ________ to Treasury Stock in the amount of ________.

Respuesta :

abiolataiwo2015

Answer:

Credit to treasury stock for $200

Explanation:

Based on the information given The Appropriate journal entry to record the sale of treasury stock would include CREDIT to treasury stock in the amount of $200

CREDIT to treasury stock $200

(10 shares at $20 per share)

(To record the sale of treasury stock)

Otras preguntas