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In January, Stripe, Inc. purchased 50 shares of its own $10 par value common stock for $20 per share. In March, Stripe sold 10 shares at $25 per share. The journal entry to record the sale of treasury
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In January, Stripe, Inc. purchased 50 shares of its own $10 par value common stock for $20 per share. In March, Stripe sold 10 shares at $25 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 $ _________.

User Jim Ratliff
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Answer: credit to the treasury stock $200

Step-by-step explanation:

User Donald Murray
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