Essay
Agler Corporation purchased 4,000 of its €5 par value ordinary shares for a cash price of €12 per share. Two months later, Agler sold the treasury shares for a cash price of €10 per share.
Instructions
Prepare the journal entry to record the sale of the treasury shares assuming
(a) No balance in Share Premium-Treasury.
(b) A €5,000 balance in Share Premium-Treasury.
Correct Answer:
Verified
Correct Answer:
Verified
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