Answer :
Almond corporation acquires 10,000 shares of its own $1 par value common stock at $10 per share. the journal entry for this transaction includes a debit to Treasury Stock for $100,000.
Explain about journal entry.
Journal entries are important records of the money that comes in and goes out of your company. All of these transactions are entered into the general journal, the corporate book.
The first phase in the accounting cycle is journal entries. You should be aware that all journal entries in accounting use the double-accounting approach.
This implies that there is always a debit entry and a credit entry for every recorded transaction since two accounts should be impacted.
You should comprehend the significance of journal entries for a firm before delving into the finer details of double-entry bookkeeping and creating them.
To study more about journal entry.
https://brainly.com/question/28390337
#SPJ4