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Diva inc recorded certain capital stock transactions shown in the following journal entries. (1) issued common stock for $19 cash per share. (2) purchased treasury
Diva inc recorded certain capital stock transactions shown in the following journal entries. (1) issued common stock for $19 cash per share. (2) purchased treasury shares at $22 per share. and (3) sold some of the treasury shares:
- ifon mary ghats were or iginally iaved? Nuarei 1. Whial ans the jier value of the thares nucum? berthint then-1 ritarei pirt yake 1 cash (debit) 437,000
common stock. (credit) 46000
paid in captal in excess of par value . (credit) 391,000
2 tresuary stock. debit 77,000
cash credit 77,000
3 cash. debit 62,400
tresuary stock credit 52,800
paid in capital from treasury stock. credit 9,600
a. how many shares were originally issued?
b. what was the par value of the shares issued?
c. how many shares of treasury stock were acquired?
d. how many shares of treasury stock were sold?
e. at what prixe per share was the treasury stock sold?
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