Question
Account 2015 2016 Common Stock @ $ 1 par $500 PIC $495,000 Treasury Stock Retained Earnings $525,000 Based on the following capital transactions listed in
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| Common Stock @ $ 1 par | $500 |
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| PIC | $495,000 |
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| Retained Earnings | $525,000 |
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Based on the following capital transactions listed in chronological order complete the equity section of the Balance Sheet for Seattle for 2016.
Seattle purchased 100 shares of its common stock for $125 per shares
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Seattle resells 20 shares of the treasury stock for $140 per shares
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Seattle resells 20 shares of the treasury stock for $120 per shares
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How many common shares are outstanding @ 12/31/16? _________________
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Primary English Audit And Test
Authors: Sue Reid, Angela Sawyer, Mary Bennett-Hartley
4th Edition
1446282759, 978-1446282755
