On May 1, Blue Spruce Corporation purchased 2,700 shares of its $10 par value common stock at a cash price of $12/share. On July 15,800 shares of the treasury stock were sold for cash at $18/share. Journalize the two transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Account Titles and Explanation May 1 ✓ Treasury Stock Cash Jul. 15 ✓ Cash Treasury Stock Debit Credit
On May 1, Blue Spruce Corporation purchased 2,700 shares of its $10 par value common stock at a cash price of $12/share. On July 15,800 shares of the treasury stock were sold for cash at $18/share. Journalize the two transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) No. Account Titles and Explanation May 1 ✓ Treasury Stock Cash Jul. 15 ✓ Cash Treasury Stock Debit Credit
Chapter14: Corporation Accounting
Section: Chapter Questions
Problem 6EB: Spring Company is authorized to issue 500,000 shares of $2 par value common stock. In its first...
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