Use the Following Information to Answer the Question Below

question 21

Short Answer

Use the following information to answer the question below. On January 1, 2010, Falcon Corporation had 40,000 shares of $10 par value common stock issued and outstanding. All 40,000 shares had been issued in a prior period at $17 per share. On February 1, 2010, Falcon purchased 1,000 shares of treasury stock for $19 per share and later sold the treasury shares for $26 per share on March 2, 2010.
The entry to record the sale of the treasury shares on March 2, 2010 is

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Definitions:

Bulla

A large blister or skin vesicle filled with fluid that is more than 5 mm in diameter, often occurring on the skin or mucous membranes.

Eczema

A noncontagious skin disease characterized by dry, red, itchy, and scaly skin.

Scaly

Pertaining to or covered with scales; often used to describe certain skin conditions, reptiles, or fish.

Body Weight

The mass or weight of a person, often measured in pounds or kilograms, important for health, nutritional assessments, and medical dosing.