BE12.5 (LO 2) On July 1, Pearl River Industries purchases 500 of its HK$20 par value ordinary shares for the treasury at
Posted: Sat Feb 19, 2022 2:32 pm
BE12.5 (LO 2) On July 1, Pearl River Industries
purchases 500 of its HK$20 par value ordinary shares for the
treasury at a cash price of HK$80 per share. On September 1, it
sells 350 treasury shares for cash at HK$90 per share. Journalize
the two treasury share transactions.
purchases 500 of its HK$20 par value ordinary shares for the
treasury at a cash price of HK$80 per share. On September 1, it
sells 350 treasury shares for cash at HK$90 per share. Journalize
the two treasury share transactions.