Common stock par value is $5
c.Reissued 8,500 shares from treasury for $48 per share.
d.Reissued 8,500 shares from treasury for $46 per share.
I need to make a journal entry for these 2 events. I have the cash amounts c. debit 408k cash d. debit 391k cash
I’ve tried doing common stock at credit 42500 for event c and d and then calculating additional paid in common stock and crediting that but that’s wrong. Please explain where I went wrong here. Thanks
