1. 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
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2. Competency: Implementing Accounting for a Corporation Accounting Adjustments and Valuation/Observation
Objectives
61 Identify the components of a corporate charter
LESSON 12-2

3. 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
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4. 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
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5. 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 $
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
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6. 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
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7. TERM REVIEW treasury stock page 354 LESSON 12-2 LESSON 12-2 4/19/2019
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