In January 3, Sturmer Corporation purchased 2,150 shares of the company's $10 par value common stock as treasury stock, paying cash of $ 9 per share. On January 30, Sturmer sold 1,000 shares of the treasury stock for cash of $ 19 per share. Journalize these transactions.

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14 November, 23:59

In January 3, Sturmer Corporation purchased 2,150 shares of the company's $10 par value common stock as treasury stock, paying cash of $ 9 per share. On January 30, Sturmer sold 1,000 shares of the treasury stock for cash of $ 19 per share. Journalize these transactions.

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Deangelo Cannon · Answer 1

paid in capital from treasury stock = $10000

Explanation:

on 3rd jan

treasury stock = 2150*9 = 19,350

cash = 19,350

30 jan

cash = 1000*19 = 19,000

treasury stock = 1000*9 = 9000

paid in capital from treasury stock = 19000 - 9000 = $10000