Business
Business, 25.03.2020 18:02, mepuppy5000

On March 4, 2019, Orpheus Inc. purchased 2,100 shares of its own $10 par value common stock in the market for $32 per share. On August 19, 2019, the company sold 1,600 of these shares in the open market at a price of $36 per share. The entry to record the purchase of the treasury stock on March 4, 2019 is:.
A.
Dr. Treasury Stock 67,200
Cr. Retained Earnings 67,200
B.
Dr. Common Stock 21,0001
Cr. Cash 21,0001
C.
Dr. Treasury Stock 67,200
Cr. Cash 672001
D.
Dr. Common Stock 21,000
Dr. Treasury Stock 46,200
Cr. Cash 67,200

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Answers: 2

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On March 4, 2019, Orpheus Inc. purchased 2,100 shares of its own $10 par value common stock in the m...

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