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Bridgeport Company had the following stockholders' equity as of January 1, 2025: Common stock, $1 par value, 115,000 shares issued Paid-in capital in excess
Bridgeport Company had the following stockholders' equity as of January 1, 2025: Common stock, $1 par value, 115,000 shares issued Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $115,000 898,000 373,000 $1,386,000 During 2025, the following transactions occurred: Feb. 16 Mar. 8 Apr. 11 May 8 Bridgeport repurchased 5,400 shares of treasury stock at a price of $15 per share. 200 shares of treasury stock repurchased above were reissued at $16 per share. 900 shares of treasury stock repurchased above were reissued at $12 per share. 2,200 shares of treasury stock repurchased above were reissued at $18 per share. (a) (b) Your answer is partially correct. Prepare the stockholders' equity section as of June 30, 2025. Net income for the first 6 months of 2025 was $259,000 and no dividends were declared during this period. (Enter account name only and do not provide descriptive information.) Common Stock BRIDGEPORT COMPANY Stockholders' Equity June 30, 2025 Paid-in Capital in Excess of Par - Common Stock Total Paid-in Capital Retained Earnings Less 115000 898000 Treasury Stock 31500 i Total Stockholders' Equity
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