On August 10,Bushmills Corporation reacquired 8,000 shares of its $100 par value common stock at $134.The stock was originally issued at $110.The shares were resold on November 21 at $145.
Provide the entries required to record the reacquisition and the subsequent resale of the stock using the:
(1)Par value method of accounting for treasury stock.
(2)Cost method of accounting for treasury stock.

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The Answer of On August 10,Bushmills Corporation reacquired 8,000 shares of its $100 par value common stock at $134.The stock was originally issued at $110.The shares were resold on November 21 at $145.
Provide the entries required to record the reacquisition and the subsequent resale of the stock using the:
(1)Par value method of accounting for treasury stock.
(2)Cost method of accounting for treasury stock.

On August 10,Bushmills Corporation Reacquired 8,000 Shares of Its $100