Treasury stock that had been purchased for 4874 last month, Financial Accounting

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Treasury stock that had been purchased for 4874 last month

Treasury stock that had been purchased for $4,874 last month was reissued this month for $5,909. What would the journal entry to record the reissuance include?

Select the correct answer.

Credit to Excess of Par/Common for $1,035

Treasury Stock for $4,874

Credit to Treasury Stock for $1,035

Debit to Treasury Stock for $4,874

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Financial Accounting: Treasury stock that had been purchased for 4874 last month

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Financial Accounting: Treasury stock that had been purchased for 4874 last month

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