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A company reissued at $20 per share 100 shares of treasury stock that.docx
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A company reissued at $20 per share 100 shares of treasury stock that.docx

  1. A company reissued at $20 per share 100 shares of treasury stock that it had previously acquired for $26 per share and there was not any Paid-in Capital from Treasury Stock. Prepare the journal entry. Solution Journal Entry Note : There is no paid in capital from Treasury Stock therefore Loss on issue of Treasury Stock is being transfered to retained earning Date Account Title & Explaination Debit Credit Cash 2000 Retained Earning 600 Treasury Stock 2600
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