This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Caesar's Coffee Company has a $9,000 credit balance in Paid-In Capital - Treasury Stock. It sells ... (Read 62 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
on: Feb 18, 2020
Caesar's Coffee Company has a $9,000 credit balance in Paid-In Capital - Treasury Stock. It sells 4,500 shares of treasury stock, which the company reacquired at $35/share for $29/share. The journal entry to record this sale is:
◦ debit Cash $130,500, debit Paid-In Capital - Treasury Stock $9,000, debit Retained Earnings $18,000, credit Treasury Stock $157,500.
◦ debit Cash $130,500, debit Paid-In Capital - Treasury Stock $27,000, credit Treasury Stock $157,500.
◦ debit Cash $157,500, credit Treasury Stock $157,500.
◦ debit Cash $157,500, credit Paid-In Capital - Treasury Stock $27,000, credit Treasury Stock $130,500.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by NguyenJ on Feb 18, 2020

aprice35067

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


NguyenJ

  • Member
  • Posts: 516
Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

  • Member
  • Posts:
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r Defibrillator. Defibrillators are devices that supply a voltage charge to the heart in the hope of r
Renal regulation of sodium and potassium balance. Renal regulation of sodium and potassium balance.
Material Balance over #3 Heat Exchanger Material Balance over #3 Heat Exchanger
Use tap water when making coffee, tea, or juice from concentrate, and for food preparation Use tap water when making coffee, tea, or juice from concentrate, and for food preparation
Capital-Biased Technological Change Capital-Biased Technological Change
Comparing Fluid Balance Comparing Fluid Balance
Video: Muscular Dystrophy

For a complete list of videos, visit our video library