What is the value of x?
1 answer:
You might be interested in
Answer:
The Paid-In Capital from Treasury Stock Transactions for the sale of 600 shares is $600.
Step-by-step explanation:
Total number of shares = 1000.
Sales price is dollars
When treasury stocks are sold, cash is debited for the sales price.
And simultaneously, the treasury stock is credited for the purchase price of the stock = dollars
Paid-In Capital from Treasury Stock Transactions = dollars (difference between sale and purchase price)
So, the amount of Paid-In Capital from Treasury Stock Transactions for the sale of 600 shares is $600.