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On January 1, 2010, Antlers, Inc

Question 99

Essay

On January 1, 2010, Antlers, Inc.bought 800 shares (or 10%)of Buck Company's stock at $80.On February 1, 2010, Buck Company declared a 25% stock dividend.On March 1, 2010, Antlers sold several shares of Buck Company stock for $18, 900, realizing a loss of $300.
Required:
Show the journal entry to record the sale, and compute the number of shares of Buck Company stock that Antlers, Inc., sold.

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