What is the journal entry to record the reissuance, Accounting Basics

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What is the journal entry to record the reissuance

On May 1 Company reacquired 2,000 shares of its own $2 par value stock for $100,000 cash. On June 30, 800 of the treasury shares were reissued at a price of $70 per share.

Question:

Record the journal entry for the May 1 transaction:

What is the Journal entry to record the reissuance of 800 shares of stock on June 30?

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Accounting Basics: What is the journal entry to record the reissuance

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Accounting Basics: What is the journal entry to record the reissuance

Reference No:- TGS0672771

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : The current budget plans for a september ending inventory

Q : What is the ytm for bond

Q : What is the ending balance in the bond payable

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Q : What is the journal entry to record the reissuance

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Q : Determining the company days sales in receivables

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the journal entry to record the reissuance

Reference No:- TGS0672771

Recent Questions Asked Accounting Basics

Q : The current budget plans for a september ending inventory

Q : What is the ytm for bond

Q : What is the ending balance in the bond payable

Q : What measure of risk is relevant when finding project risk

Q : What is the journal entry to record the reissuance

Q : How much additional interest must be paid on september

Q : Determining the company days sales in receivables

Q : Summary of carla growth as medical assistant

Q : Calculate the pre- and post-tax

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