CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

LESSON 12-2LESSON 12-2

Treasury Stock Transactions

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LESSON 12-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

2. Enter the account title.

3. Record the check number.

1. Write the date.

5. Record the credit amount.

4. Write the debit amount.

BUYING TREASURY STOCKBUYING TREASURY STOCK page 350

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LESSON 12-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

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SELLING TREASURY STOCK FOR SELLING TREASURY STOCK FOR ORIGINAL COSTORIGINAL COST page 351

2. Enter the account title.

3. Record the receipt number.

1. Write the date.

5. Record the credit amount.

4. Write the debit amount.

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LESSON 12-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Numberof Shares

Valueper Share

= Value×

4. Record the receipt number.

SELLING TREASURY STOCK FOR SELLING TREASURY STOCK FOR MORE THAN ORIGINAL COSTMORE THAN ORIGINAL COST page 352

1. Calculate the amounts to be recorded.

2. Write the date.

6. Record the credit amounts.

5. Write the debit amount.

3. Enter the account titles.

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22

33

44 5566

200 $15.00 = $3,000.00×Total received

200 12.00 = 2,400.00×Original cost

$ 600.00Amount received in excess of original cost

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LESSON 12-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

Numberof Shares

Valueper Share

= Value×

4. Record the receipt number.1. Calculate the amounts to be recorded.

2. Write the date.

6. Record the credit amount.

5. Write the debit amount.

3. Enter the account title.

11

22

3344

66

page 353

50 $12.00 = $600.00×Original cost

50 10.00 = 500.00×Total received

$100.00Amount received less than original cost

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SELLING TREASURY STOCK FOR SELLING TREASURY STOCK FOR LESS THAN ORIGINAL COSTLESS THAN ORIGINAL COST

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LESSON 12-2CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning

TERM REVIEWTERM REVIEW

treasury stock

page 354