1- Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 200 shares of its $10 par com
mon stock on June 1 for $50 per share On July 1, it reissued 50 of these shares at $55 per share. What is the credit to Paid in Capital, treasury stock required to record this event?2- Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 200 shares of its $10 par common stock on June 1 for $50 per share On July 1, it reissued 50 of these shares at $55 per share. On August 1, it reissued 75 treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2 after all of the events in this and the last two questions are recorded?
1 answer:
You might be interested in