Retire treasury stock accounting
30 Sep 2019 Treasury stock is a contra equity account recorded in the shareholder's Non- retired treasury shares can be reissued through stock dividends, If a corporation reacquires some of its stock and does not retire those shares, the This leaves a debit balance in the account Treasury Stock of $1,400 (70 7 Sep 2001 The corporation has purchased all of my father-in-law's stock, which is now accounted for as treasury stock. We are ready to retire the stock, but