In january, stripe, inc. purchased 50 shares of its own $10 par value common stock for $20 per share. in march, stripe sold 10 shares at $25 per share. the journal entry to record the sale of treasury stock using the cost method would include a (debit/credit) to treasury stock in the amount of $

Debit

Explanation:

Stock account is a capital account and in credit balance.

The purchase of 50 shares of $10 value for $20 will result in a $500 loss and the sales of 10 shares at $25 gives a gain of $50 which reduce the total loss to $450.

Since the treasury stock accounts is a credit balance the loss will be debited to it to reduce the value of treasury stock

answer: it is a cellular phone

there was no passage listed but using the process of elimination i'd say it was d. the high economy would do the opposite. i don't see how low prices would affect it. high unemployment is possible but i feel d is the better answer.