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10-12-2020
Business

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Treasury stock that had been purchased for $4,330 last month was reissued this month for $5,190. The journal entry to record the reissuance would include a credit to:______

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abiolataiwo2015 abiolataiwo2015

10-12-2020

Answer:

Credit to Paid-In Capital from Treasury Stock for $860

Explanation:

Based on the information given we were told that Treasury stock was purchased for the amount of $4,330 last month in which it was reissued this month for the amount of $5,190 which means that The journal entry to record the reissuance would include a credit to:

Paid-In Capital from Treasury Stock for $860

Calculated as:

Reissued treasury stock $5,190

Less last month Treasury stock $4,330

Paid-In Capital from Treasury Stock 860

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