Business, 17.12.2019 23:31 amy1983

Gannon company acquired 20,000 shares of its own common stock at $20 per share on february 5, 2017, and sold 10,000 of these shares at $27 per share on august 9, 2018. the fair value of gannon's common stock was $24 per share at december 31, 2017, and $25 per share at december 31, 2018. the cost method is used to record treasury stock transactions. what account(s) should gannon credit in 2018 to record the sale of 10,000 shares

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Gannon company acquired 20,000 shares of its own common stock at $20 per share on february 5, 2017,...