LESSON 12-2 Treasury Stock Transactions 4/19/2019 LESSON 12-2 Treasury Stock Transactions Buying treasury stock Selling treasury stock for original cost Selling treasury stock for more or less than original cost RED

Competency: Implementing Accounting for a Corporation Accounting Adjustments and Valuation/Observation Objectives 61 Identify the components of a corporate charter LESSON 12-2

BUYING TREASURY STOCK 1 2 3 4 5 1. Write the date. LESSON 12-2 4/19/2019 BUYING TREASURY STOCK page 350 1 2 3 4 5 1. Write the date. 2. Enter the account title. 3. Record the check number. 4. Write the debit amount. 5. Record the credit amount. LESSON 12-2 RED

SELLING TREASURY STOCK FOR ORIGINAL COST LESSON 12-2 4/19/2019 SELLING TREASURY STOCK FOR ORIGINAL COST page 351 1 2 3 5 4 1. Write the date. 2. Enter the account title. 3. Record the receipt number. 4. Write the debit amount. 5. Record the credit amount. LESSON 12-2 RED

SELLING TREASURY STOCK FOR MORE THAN ORIGINAL COST LESSON 12-2 4/19/2019 SELLING TREASURY STOCK FOR MORE THAN ORIGINAL COST page 352 Number of Shares Value per Share = Value × 200 $15.00 = $3,000.00 × Total received 200 12.00 = 2,400.00 × Original cost 1 $ 600.00 Amount received in excess of original cost 3 6 2 4 5 1. Calculate the amounts to be recorded. 4. Record the receipt number. 2. Write the date. 5. Write the debit amount. 3. Enter the account titles. 6. Record the credit amounts. LESSON 12-2 RED

SELLING TREASURY STOCK FOR LESS THAN ORIGINAL COST LESSON 12-2 4/19/2019 SELLING TREASURY STOCK FOR LESS THAN ORIGINAL COST page 353 Number of Shares Value per Share = Value × 50 $12.00 = $600.00 × Original cost 50 10.00 = 500.00 × Total received 1 $100.00 Amount received less than original cost 3 4 5 2 6 1. Calculate the amounts to be recorded. 4. Record the receipt number. 2. Write the date. 5. Write the debit amount. 3. Enter the account title. 6. Record the credit amount. LESSON 12-2 RED

TERM REVIEW treasury stock page 354 LESSON 12-2 LESSON 12-2 4/19/2019 RED