Marketplace,Inc.completed the following treasury stock transactions in 2016:
June. 3 Purchased 2,000 shares of the company's \$5 par value common stock as treasury stock, paying cash of $\$ 15$ per share.
June 14 Sold 800 shares of the treasury stock for cash of $\$ 20$ per share. Journalize these transactions.Explanations are not required.
How will Marketplace,Inc.report treasury stock on its balance sheet as of December 31,2016?

Question

Marketplace,Inc.completed the following treasury stock transactions in 2016:
 June. 3 Purchased 2,000 shares of the company's \$5 par value common stock as treasury stock, paying cash of $\$ 15$ per share.
June 14 Sold 800 shares of the treasury stock for cash of $\$ 20$ per share. Journalize these transactions.Explanations are not required.
How will Marketplace,Inc.report treasury stock on its balance sheet as of December 31,2016?

Quizplus · Accepted Answer

The Answer of Marketplace,Inc.completed the following treasury stock transactions in 2016:
 June. 3 Purchased 2,000 shares of the company's \$5 par value common stock as treasury stock, paying cash of $\$ 15$ per share.
June 14 Sold 800 shares of the treasury stock for cash of $\$ 20$ per share. Journalize these transactions.Explanations are not required.
How will Marketplace,Inc.report treasury stock on its balance sheet as of December 31,2016?

Marketplace,Inc $15\$ 15$15 Per Share June 14 Sold 800 Shares of the Treasury Stock

Marketplace,Inc $\$ 15$ Per Share
June 14 Sold 800 Shares of the Treasury Stock