Account Titles and Explanation
Debit Credit
2) nArantxa Corporation has outstanding 20,110 shares of $ 5 par value common stock. On August 1, 2014, Arantxa reacquired 370 shares at $ 86 per share. On November 1, Arantxa reissued the 370 shares at $ 78 per share. Arantxa had no previous treasury stock transactions.
Prepare Arantxa’ s journal entries to record these transactions using the cost method.( Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select " No Entry " for the account titles and enter 0 for the amounts.)
Date Account Titles and Explanation Debit Credit