solved : Spacely Sprockets, Inc. issued 50 shares of $1 par value com
Spacely Sprockets, Inc. issued 50 shares of $1 par value common… Spacely Sprockets, Inc. issued 50 shares of $1 par value common stock for $25 per share from treasury stock. The stock was repurchased for $20 per share a year earlier.?Record the journal entry for this share repurchase. (Select all that apply.)Cr. Treasury Stock — $1000Dr. Common Stock at par — $50Cr. Treasury Stock — $1250Dr. Cash — $1250Cr. Additional paid-in capital — $250AccountingBusinessFinancial Accounting010 325
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