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In 2017, Elle Corp

Question 35

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In 2017, Elle Corp.acquired 9,000 of its own no par value common shares at $18 per share, to be held in the treasury.In 2018, Elle sold 6,000 of these shares at $25 per share.What accounts and what amounts should Elle credit in 2018 to record this sale? In 2017, Elle Corp.acquired 9,000 of its own no par value common shares at $18 per share, to be held in the treasury.In 2018, Elle sold 6,000 of these shares at $25 per share.What accounts and what amounts should Elle credit in 2018 to record this sale?

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