Refer to the data in PE 11-7 through 11-9. Assume the paid
Question and Solution
Refer to the data in PE 11-7 through 11-9. Assume the paid-in capital, treasury stock account currently has a $1,000 credit balance. Diviney resells 800 shares of treasury stock for $30 per share. Make the necessary journal entry (or entries) to record this transaction.