Question
Beginning stockholders' equity Common stock$10 par value, 72,000 shares authorized, issued, and outstanding $ 720,000 Paid-in capital in excess of par value, common stock 216,000
Beginning stockholders' equity
1. Purchased 5,000 shares of its own common stock at $25 per share on October 11. treasury stock debit 125,000 , cash credit 125,000 2. Sold 1,000 treasury shares on November 1 for $31 cash per share. cash debit 31,000 , treasury stock credit 25,000 , paid-in capital, treasury stock credit 6,000 3. Sold all remaining treasury shares on November 25 for $20 cash per share. cash debit 80,000 , paid-in capital, treasury stock ? , retained earnings ? What is the paid-in capital, treasury stock and retained earnings for number 3?4. 4. Prepare the revised equity section of its balance sheet after the October 11 treasury stock purchase. | |||||||||||||||
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