On september 1 it sells 300 shares of the treasury stock


Problem

On July 1, Raney Corporation purchases 470 shares of its $6 par value common stock for the treasury at a cash price of $9 per share. On September 1, it sells 300 shares of the treasury stock for cash at $11 per share. Journalize the two treasury stock transactions.

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Accounting Basics: On september 1 it sells 300 shares of the treasury stock
Reference No:- TGS02686789

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