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 108 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

TheNamesImani

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

A seashell vendor in Tanzania sells to tourists seashells which have been taken from the sea alive, A seashell vendor in Tanzania sells to tourists seashells which have been taken from the sea alive,
Renal regulation of sodium and potassium balance. Renal regulation of sodium and potassium balance.
Exterior View of Tholos, The So-called Treasury of Atreus Exterior View of Tholos, The So-called Treasury of Atreus
Natural Capital versus GDP per Capita Natural Capital versus GDP per Capita
ADHD (Stock photo) ADHD (Stock photo)
Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ... Daniel's Enterprises has a beta of 1.98 and a growth rate of 12 percent. The stock is ...
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library