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On July 1, 2010, Augusta Company Reacquired 5,000 Shares of Its

Question 32

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On July 1, 2010, Augusta Company reacquired 5,000 shares of its $30 par value common stock for $33 per share. On July 31, 2010, Augusta sold 1,000 shares of those shares to company employees for $31 per share. What journal entry should Augusta make to record the sale of the stock on July 31, 2010?


A) On July 1, 2010, Augusta Company reacquired 5,000 shares of its $30 par value common stock for $33 per share. On July 31, 2010, Augusta sold 1,000 shares of those shares to company employees for $31 per share. What journal entry should Augusta make to record the sale of the stock on July 31, 2010? A) B) C) D) E)
B) On July 1, 2010, Augusta Company reacquired 5,000 shares of its $30 par value common stock for $33 per share. On July 31, 2010, Augusta sold 1,000 shares of those shares to company employees for $31 per share. What journal entry should Augusta make to record the sale of the stock on July 31, 2010? A) B) C) D) E)
C) On July 1, 2010, Augusta Company reacquired 5,000 shares of its $30 par value common stock for $33 per share. On July 31, 2010, Augusta sold 1,000 shares of those shares to company employees for $31 per share. What journal entry should Augusta make to record the sale of the stock on July 31, 2010? A) B) C) D) E)
D) On July 1, 2010, Augusta Company reacquired 5,000 shares of its $30 par value common stock for $33 per share. On July 31, 2010, Augusta sold 1,000 shares of those shares to company employees for $31 per share. What journal entry should Augusta make to record the sale of the stock on July 31, 2010? A) B) C) D) E)
E) On July 1, 2010, Augusta Company reacquired 5,000 shares of its $30 par value common stock for $33 per share. On July 31, 2010, Augusta sold 1,000 shares of those shares to company employees for $31 per share. What journal entry should Augusta make to record the sale of the stock on July 31, 2010? A) B) C) D) E)

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