century 21 accounting © 2009 south-western, cengage learning lesson 12-2 treasury stock...
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CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
LESSON 12-2LESSON 12-2
Treasury Stock Transactions
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LESSON 12-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
2. Enter the account title.
3. Record the check number.
1. Write the date.
5. Record the credit amount.
4. Write the debit amount.
BUYING TREASURY STOCKBUYING TREASURY STOCK page 350
11 22 33 44 55
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LESSON 12-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
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SELLING TREASURY STOCK FOR SELLING TREASURY STOCK FOR ORIGINAL COSTORIGINAL COST page 351
2. Enter the account title.
3. Record the receipt number.
1. Write the date.
5. Record the credit amount.
4. Write the debit amount.
11 22 33
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LESSON 12-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
Numberof Shares
Valueper Share
= Value×
4. Record the receipt number.
SELLING TREASURY STOCK FOR SELLING TREASURY STOCK FOR MORE THAN ORIGINAL COSTMORE THAN ORIGINAL COST page 352
1. Calculate the amounts to be recorded.
2. Write the date.
6. Record the credit amounts.
5. Write the debit amount.
3. Enter the account titles.
11
22
33
44 5566
200 $15.00 = $3,000.00×Total received
200 12.00 = 2,400.00×Original cost
$ 600.00Amount received in excess of original cost
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LESSON 12-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning
Numberof Shares
Valueper Share
= Value×
4. Record the receipt number.1. Calculate the amounts to be recorded.
2. Write the date.
6. Record the credit amount.
5. Write the debit amount.
3. Enter the account title.
11
22
3344
66
page 353
50 $12.00 = $600.00×Original cost
50 10.00 = 500.00×Total received
$100.00Amount received less than original cost
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SELLING TREASURY STOCK FOR SELLING TREASURY STOCK FOR LESS THAN ORIGINAL COSTLESS THAN ORIGINAL COST