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Resale of Treasury Stock above Cost
Selling back company-owned shares to the market at a higher price than they were bought for.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Cash | Asset (+) | 6,000.00 | - |
| Treasury Stock (at cost) | Contra-Equity (-) | - | 5,000.00 |
| Paid-in Capital from Treasury Stock | Equity (+) | - | 1,000.00 |
💡 Accountant's Note
You do not record a 'Gain' on the income statement when selling treasury stock; the 'profit' goes directly to Equity (APIC).
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