Question

Treasury stock that had been purchased for $5,500 last month was reissued this month for $6,500. the journal entry to record the reissuance would include a credit to

Answer 1

Treasury stock that had been purchased for $5,500 last month was reissued this month for $6,500. the journal entry to record the reissuance would include a credit to Paid-in Capital form Treasury Stock $1,000.