The Kids Exchange Corporation issued common shares for $35 each.Two years later,on June 10,1,000 shares were repurchased and retired at a cost of $25 each.Present the general journal entry to record the June 10 transaction.

Question

Quizplus · Accepted Answer

The Answer of The Kids Exchange Corporation issued common shares for $35 each.Two years later,on June 10,1,000 shares were repurchased and retired at a cost of $25 each.Present the general journal entry to record the June 10 transaction.

The Kids Exchange Corporation Issued Common Shares for $35 Each