On august 10 jameson corporation reacquired 8000 shares of, Ask an Expert

Accounting

On August 10, Jameson Corporation reacquired 8,000 shares of its $100 par value common stock at $134. The stock was originally issued at $110. The shares were resold on November 21 at $145.

Provide the entries required to record the reacquisition and the subsequent resale of the stock using the:

1) Par value method of accounting for treasury stock.

2) Cost method of accounting for treasury stock.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9277439

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