Question

In January ​3, Sturmer Corporation purchased 2,150 shares of the​ company's ​$10 par value common stock as treasury​ stock, paying cash of $ 9 per share. On January ​30, Sturmer sold 1,000 shares of the treasury stock for cash of $ 19 per share. Journalize these transactions.

Answer 1

paid in capital from treasury stock = $10000

Step-by-step explanation:

on 3rd jan

treasury stock = 2150*9 = 19,350

cash = 19,350

30 jan

cash = 1000*19 =19,000

treasury stock = 1000*9 = 9000

paid in capital from treasury stock = 19000- 9000 = $10000