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Bevins Company issued 10,000 shares of $20 par value common stock at $24 per share

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January 14th, 2018

Bevins Company issued 10,000 shares of $20 par value common stock at $24 per share. Bevins reacquired 1,000 shares of its own stock at a cost of $30 per share. The entry to record the reacquisition is:Premium on Treasury Stock (-SE) 10,000 Treasury stock (-SE) 20,000 Cash (-A) 30,000.Premium on Treasury Stock (-SE) 6,000 Treasury stock (-SE) 24,000 Cash (-A) 30,000.Treasury Stock (-SE) 30,000 Cash (-A) 30,000.Treasury stock (-SE) 20,000 Paid-In Capital – Treasury Stock Transactions (-SE) 10,000 Cash (-A) 30,000.

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