Riverbed Corporation purchased 3,400 shares of its $10 par value common stock for $221,000 on August 1. It will hold these shares in the treasury until resold. On December 1, the corporation sold 2,040 shares of treasury stock for cash at $73 per share.
Journalize the treasury stock transactions. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
.
Hybridoma Technology ( Production , Purification , and Application )
Riverbed Corp buys treasury stock and later resells some shares
1. Riverbed Corporation purchased 3,400 shares of its $10 par value common stock for $221,000
on August 1. It will hold these shares in the treasury until resold. On December 1, the
corporation sold 2,040 shares of treasury stock for cash at $73 per share.
Journalize the treasury stock transactions. (List all debit entries before credit entries. Record
journal entries in the order presented in the problem. Credit account titles are automatically
indented when amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
