Prepare the appropriate general journal entries for the following treasury stock transactions of Aberdeen InC.Oct. 15
Purchased 7,000 shares of its $15 par common stock for $70,000 and placed the stock in the treasury.
Dec. 1
Sold 2,000 shares of the treasury stock for $18,000 casH.Dec. 31
Sold the remaining treasury stock for $56,000 casH.

Question

Prepare the appropriate general journal entries for the following treasury stock transactions of Aberdeen InC.Oct. 15
Purchased 7,000 shares of its $15 par common stock for $70,000 and placed the stock in the treasury.
Dec. 1
Sold 2,000 shares of the treasury stock for $18,000 casH.Dec. 31
Sold the remaining treasury stock for $56,000 casH.​

Quizplus · Accepted Answer

The Answer of Prepare the appropriate general journal entries for the following treasury stock transactions of Aberdeen InC.Oct. 15
Purchased 7,000 shares of its $15 par common stock for $70,000 and placed the stock in the treasury.
Dec. 1
Sold 2,000 shares of the treasury stock for $18,000 casH.Dec. 31
Sold the remaining treasury stock for $56,000 casH.​

Prepare the Appropriate General Journal Entries for the Following Treasury