choose

Data Table 1 Stockholders' Equity Paid-In Capital: Common Stock-$5 Par Value; 1,300 shares authorized, 320 shares issued and outstanding 1,600 4,800 Paid-In Capital in Excess of Par-Common Total Paid-In Capital 6,400 56,000 Retained Earnings $ 62,400 Total Stockholders' Equity G Requirements 1 1. Journalize the purchase of the treasury stock 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018. Assume the balance in retained earnings is unchanged from November 30 3. How many shares of common stock are outstanding after the purchase of treasury stock? Pioneer Amusements Corporation had the following stockholders' equity on November 30 (Click the icon to view the stockholders' equity.) On December 30, Pioneer purchased 275 shares of treasury stock at $14 per share. Read the requirements Requirement 1. Journalize the purchase of the treasury stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 30 Cash Common Stock-$5 Par Value Common Stock Dividend Distributable Dividends Payable- Common Paid-In Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par Commorn Retained Earnings Requirement 2. December 31, 2018. Assume the balance in retained earnings is unchanged from Nover Paid-In Capital Treasury Stock-Common Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018. Assume the balance in retained earnings is unchanged from November 30. Pioneer Amusements Corporation Balance Sheet (Partial) December 31 Stockholders' Equity Paid-In Capital: Total Paid-In Capital Total Stockholders' Equity Requirement 3. How many shares of common stock are outstanding after the purchase of treasury stock? shares are outstanding 320 shares authorized, 1,300 shares authorized 45 shares issued and outstanding 320 shares issued and outstanding 320 shares issued, 45 shares outstanding Common Stock-$5 Par Value; Paid-In Capital from Treasury Stock Transactions Paid-In Capital in Excess of Par-Common u Retained Earnings Treasury Stock-Common; 275 shares at cost Treasury Stock-Common; 275 shares at par value