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u. 11-71 Mountain View Co. buys back 3,000 shares of its $10... in View Co....

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Accounting

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u. 11-71 Mountain View Co. buys back 3,000 shares of its $10... in View Co. buys back 3,000 shares of its $10 par value common stock from investors at $126 per share. This stock repure : lultiple Choice Treasury Stock and a credit to Cash for $378,000. Treasury Stock for $30,000, a debit to Additional Paid-in Capital for $348,000, and a credit to Cash my $378,000. Cash and a credit to Treasury Stock for $378,000. Treasury Stock and a credit to Cash for $30,000

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