Attached. Please let me know if you have any questions or need revisions.Running head: ACCOUNTING1Treasury StockName of StudentInstitutionDateACCOUNTING2Transactions that involve treasury stock affect two accounts in the section ofstockholders’ equity. The first account is common stock which represents the money receivedby the company from directly selling stock to the public. The other account of the treasurystock which is a contra equity representing the money that the company spends to purchaseback its shares. In a case where the treasury stock acc…
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