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TIONS 2 THROUCH4ARE BASED ON EXHIBIE W CLmpany ws formed on JanuhaY Yew

TIONS 2 THROUCH4ARE BASED ON EXHIBIE t41 W CLmpany ws formed on JanuhayYew ipny sold t0,CX0 shares of 2 naF 1ahue shock fo On Jul 1, Year ,Uhicoi bought beck 20 shars er share the Treasury Shock was Fesold on Sepie for $8 per share Lesson 4 Refer to Exhibit 4-1. Which one of the following is the entry to record original sale of the stock? ,a. DR Cash 50,000 CR Common stock 20,000 CR Paid-in capital in excess of par 30,000 b. DR Cash 50,000 CR Common stock 30,000 CR Paid-in capital in excess of par 20,000 C. DR Common stock 30,000 DR Paid-in capital in excess of par 20,000 CR Cash 50,000 Refer to Exhibit 4-1. Which one of the following is the correct entr record the purchase of Treasury Stock? DR Treasury stock a. 12,000 CR Cash 12 DR Cash b. 12,000 CR Treasury stock 12 DR Common stock 12,000 C. CR Cash 12 12,000 DR Cash d. CR Common stock 12 1 11 Lesson 4 4. Refer to Exhibit 4-1. Which one of the following is the correct entry to record the sale of Treasury Stock? DR Treasury stock a. 16,000 CR Common stock 16,000 b. DR Cash 16,000 12,000 4,000 CR Treasury stock CR Paid-in capital in excess of par 16,000 DR Cash C. 4,000 12,000 CR Treasury stock CR Paid-in capital in excess of par 16,000 DR Common stock d. 16,000 CR Treasury stock ak and the common

Feb 06 2020 View more View Less

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