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Sale of Treasury Stock In January 2021, ABC Co. purchased 2,000 shares of its stock...

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Accounting

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Sale of Treasury Stock In January 2021, ABC Co. purchased 2,000 shares of its stock at $20.00 per share. Throughout 2021 they have been seling the shares of Treasury Stock back to the public: they have 400 shares remaining The PIC Treasury Stock has a a credit balance of 53000 On 12 2021. ABC Co sells the remaining 400 shares at 10.00 per share. Required: Record the Journal Entry for the sale of the remaining 400 shares of Treasury stock $10.00 per share. Arial (1200) T.E.B. Q30 Pathop Words:0

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