journal entries from this purchase

Accounting
Tutor: None Selected Time limit: 1 Day

Foxboro Company purchased 30,000 shares of its own common stock for $20 per share. The Par Value is $15 per share. The entry to record this purchase will include... 

A. A debit to treasury stock for $450,000 

B. A credit to Paid in Capital in Excess-Treasury Stock for $600,000 

C. A debit to Retained Earnings for $450,000 

D. A credit to Cash for $600,000 

Jun 20th, 2015

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C. A debit to Retained Earnings for $450,000

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Jun 20th, 2015

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