the corect answer is 1a and 2c. pls explain 9/12/201 On 9/2, a company...
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the corect answer is 1a and 2c. pls explain
9/12/201 On 9/2, a company purchases 400 shares of its own stock at $14.t resells 200 shares at $15 on 9/3 and purchases shares on 9/4 at $14. On 9/5 the company resells 450 shares at $9. an additional 300 1. What is true about the entry made on 9/5 A. Debit PIC-TS for $200 B. Credit Treasury Stock for $4,050 C. Debit Retained Earnings for $2,250 D. Credit Cash for $6,300 On 9/2, a company purchases 400 shares of its own stock at $14.t resells 200 shares at $15 on 9/3 and purchases an additional 300 shares on 9/4 at $14. On 9/5 the company resells 450 shares at $9. 2. Assume instead that on 9/2 and 9/4 the company purchased its tock at $15. What would happen to Retained Earnings on 9/5 Nothing-this account would not appear in this entry Debit for $4,050 Debit for $2,700 ebit for $2,300
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