Marketsite,Inc.completed the following treasury stock transactions in 2018:
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 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 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 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 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 Marketsite,Inc.report treasury stock on its balance sheet as of December 31,2018?

Marketsite,Inc $5 \$ 5 $5 Par Value Common Stock as Treasury Stock, Paying Cash Of 3

Marketsite,Inc $\$ 5$ Par Value Common Stock as Treasury Stock, Paying Cash Of 3