question archive the following data were from taken the records of valencia frutti corpration:share capital, 50 PAR 3,000 SHARES AUTHORIZED 1,000 shares issuesd………………
the following data were from taken the records of valencia frutti corpration:share capital, 50 PAR 3,000 SHARES AUTHORIZED 1,000 shares issuesd………………
Subject:AccountingPrice: Bought3
the following data were from taken the records of valencia frutti corpration:share capital, 50 PAR 3,000 SHARES AUTHORIZED 1,000 shares issuesd………………..50,000premium on share capital……………………………………………………..3,000retained earnings…………………………………………………………………….10,000REQUIRED:1.Journal entry record the acquisition of the treasury shares.2.Journal entry to record the sale of the treasury shares under the three given cases.
