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Business, 11.09.2019 01:30 pressure772

Gannon company acquired 10,000 shares of its own common stock at $20 per share on february 5, 2014, and sold 5,000 of these shares at $27 per share on august 9, 2015. the fair value of gannon's common stock was $24 per share at december 31, 2014, and $25 per share at december 31, 2015. the cost method is used to record treasury stock transactions. what account(s) should gannon credit in 2015 to record the sale of 5,000 shares?

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Gannon company acquired 10,000 shares of its own common stock at $20 per share on february 5, 2014,...

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