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December 22, 2014

Homework Help: Business Accounting

Posted by Peaches on Friday, December 18, 2009 at 2:50pm.

Please how i write this up in a journal entry: The stockholders’ equity section of Joe’s Bistro’s balance sheet on January 1: Common stock $2 par, 2,000 share issued and outstanding – 4,000; Additional Paid-in Capital – 1,600; retained earnings – 5,400. On March 1, Joe’s Bistro reacquired 600 shares of common stock at $10 per share. Joe’s Bistro sold all of the treasury shares on November 15 for $12 per share. The entry to record the sale of November 15 would include a credit to what account and for what amount?

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