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Cameron, Inc. held 1,000 shares of its own $10 par value common stock purchased for $20 per share. In March, Cameron sold 10 shares at $20 per share. The journal entry to record the sale of treasury stock would include a (debit/credit) ________ to Treasury Stock in the amount of ________.

Respuesta :

Tundexi

Answer:

Credit, $200

Explanation:

The journal entry would be:

Date    Account                 Debit     Credit

            Cash                       $200

            (10 shares*$20)

                   Treasury stock              $200

            (To record the sale of treasury stock)

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