Business, 16.02.2021 05:20, JDKozlova

Swifty Corporation acquired 18200 shares of its own common stock at $21 per share on February 5, 2020, and sold 9100 of these shares at $28 per share on August 9, 2021. The fair value of Swifty's common stock was $25 per share at December 31, 2020, and $26 per share at December 31, 2021. The cost method is used to record treasury stock transactions. What account(s) should Swifty credit in 2021 to record the sale of 9100 shares

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Swifty Corporation acquired 18200 shares of its own common stock at $21 per share on February 5, 202...