The following information is available at January 1, 2015:
On June 10, the company repurchased and retired 1,000 shares of its outstanding common stock for $10 per share. Record this transaction.

Question

The following information is available at January 1, 2015:
  On June 10, the company repurchased and retired 1,000 shares of its outstanding common stock for $10 per share. Record this transaction.

Quizplus · Accepted Answer

The Answer of The following information is available at January 1, 2015:
  On June 10, the company repurchased and retired 1,000 shares of its outstanding common stock for $10 per share. Record this transaction.

The Following Information Is Available at January 1, 2015