Business, 24.07.2020 01:01 annie375

California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16 per share. Later in the year, the company decides to purchase 100 shares at a cost of $19 per share. Required:
Record the transaction if California Surf resells the 100 shares of treasury stock at $21 per share.

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California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $16 per share....

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