Marketsite, Inc. completed the following treasury stock transactions in 2018:
June, 3 Iurchased 2,000 shares of the company's $5 par value common stock as treasury stock, prying cash of $\$ 15$ per share.
June 14 Sold BAD shares of the treasury stcxk for cash of $\$ 20$ per share. Journalize these transactions. Explanations are not required.
How will Marketsite, Inc. report treasury stock on its balance sheet as of December 31, 2018?

Question

Marketsite, Inc. completed the following treasury stock transactions in 2018:
 June, 3 Iurchased 2,000 shares of the company's $5 par value common stock as treasury stock, prying cash of $\$ 15$ per share.
June 14 Sold BAD shares of the treasury stcxk for cash of $\$ 20$ per share. Journalize these transactions. Explanations are not required.
How will Marketsite, Inc. report treasury stock on its balance sheet as of December 31, 2018?

Quizplus · Accepted Answer

The Answer of Marketsite, Inc. completed the following treasury stock transactions in 2018:
 June, 3 Iurchased 2,000 shares of the company's $5 par value common stock as treasury stock, prying cash of $\$ 15$ per share.
June 14 Sold BAD shares of the treasury stcxk for cash of $\$ 20$ per share. Journalize these transactions. Explanations are not required.
How will Marketsite, Inc. report treasury stock on its balance sheet as of December 31, 2018?

Marketsite, Inc $15\$ 15$15 Per Share June 14 Sold BAD Shares of the Treasury Stcxk

Marketsite, Inc $\$ 15$ Per Share
June 14 Sold BAD Shares of the Treasury Stcxk