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Decade, Inc., recorded certain capital stock transactions shown in the following journal entries: ( 1 ) issued common stock for $ 2 5 cash per

 
Decade, Inc., recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for $25 cash per share, (2) purchased treasury shares at $40 per share, and (3) sold some of the
treasury shares: 
 

1 Cash (Debit)500,000
Common stock (Credit)75,000
Paid-in capital in excess of par value (Credit)425,000

2 Treasury stock (Debit)100,000
Cash (Credit)100,000

3 Cash (Debit)81,000
Treasury stock (Credit)75,000
Paid-in capital from treasury stock (Credit)6,000


a. How many shares were originally issued?
Answer: 20,000 Shares

b. What was the par value of the shares issued?
Answer: $3.75 per share

c. How many shares of treasury stock were acquired?
Answer: ? Shares



d. How many shares of treasury stock were sold?
Answer: ? Shares

e. At what price per share was the treasury stock sold?
Answer: ? Per Share

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