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Baycore Corp. reports the following components of stockholders' equity on December 31, 1999. Common stock - $1 par value, 160, 000 shares authorized 100,000 shares
Baycore Corp. reports the following components of stockholders' equity on December 31, 1999. Common stock - $1 par value, 160, 000 shares authorized 100,000 shares issued and outstanding.. Paid-in capital in excess of par value, common stock.. Retained earnings.... $100,000 .700,000 1,080,000 It completed the following transactions related to stockholders' equity in year 1999. 700 stocks were bought back as treasury stocks at $15 per stock. Sold 340 of its treasury stocks at $19 per stock. Sold 900 of its treasury stocks at $12 per stock. Baycore Corp. reported Net Income of $333,000 for the current year. (*)After recording all mentioned transactions, determine the balance of the treasury stocks account. (**)After recording all the mentioned transactions, determine balance of the common stock. Baycore Corp. reports the following components of stockholders' equity on December 31, 1999. Common stock - $1 par value, 160, 000 shares authorized 100,000 shares issued and outstanding.. Paid-in capital in excess of par value, common stock.. Retained earnings.... $100,000 .700,000 1,080,000 It completed the following transactions related to stockholders' equity in year 1999. 700 stocks were bought back as treasury stocks at $15 per stock. Sold 340 of its treasury stocks at $19 per stock. Sold 900 of its treasury stocks at $12 per stock. Baycore Corp. reported Net Income of $333,000 for the current year. (*)After recording all mentioned transactions, determine the balance of the treasury stocks account. (**)After recording all the mentioned transactions, determine balance of the common stock
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