Explain the entry to sel Treasury Stock at a loss
Homework Answers
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Suppose the company have purchased 100 treasury stock @ $ 50 each. Subsequently we have sold those 100 treasury stock @ 45 each. In that case the following entries will be recorded for purchase & sale of treasury Stock respectively. |
| S.No. | Account Titles | Debit $ | Credit $ |
| 1 | Treasury Stock | 5,000 | |
| Cash | 5,000 | ||
| ( 100 @ 50 ) | |||
| 2 | Cash ( 100 @ 45 ) | 4,500 | |
| Additional paid in capital-Treasury Stock | 500 | ||
| Treasury Stock | 5,000 | ||
| This additional paid in capital-treasury stock will be shown as reduction from Stockholder's equity in the statement of Stockholder's Equity. |
explain the entry to sell treasury stock at a loss
explain the entry to sell treasury stock at a loss
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