In 2018, Southwestern Corporation completed the treasury stock transactions listed below. Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago.
Required:
Prepare the journal entries to record the above transactions, using the cost method.

Question

In 2018, Southwestern Corporation completed the treasury stock transactions listed below.  Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago.
Required:
Prepare the journal entries to record the above transactions, using the cost method.

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The Answer of In 2018, Southwestern Corporation completed the treasury stock transactions listed below.  Southwestern had issued 100,000 shares of its $1 par common stock for $10 several months ago.
Required:
Prepare the journal entries to record the above transactions, using the cost method.

In 2018, Southwestern Corporation Completed the Treasury Stock Transactions Listed