California surf clothing company issues 1000 shares of 1


Question -

California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $27 per share Later in the year, the company decides to repurchase 100 shares at a cost of $30 per share.

Record the purchase of treasury stock.

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Accounting Basics: California surf clothing company issues 1000 shares of 1
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