Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Diva, Inc., recorded certain capital stock transactions shown in the following journal entries:(1) issued common stock for 20 cash per share, (2) purchased treasury shares
Diva, Inc., recorded certain capital stock transactions shown in the following journal entries:(1) issued common stock for 20 cash per share, (2) purchased treasury shares at $24 per share, and (3) sold some of the treasury shares 1 Cash 37,000 Common stock 50,550 Paid-in capital in excess of par value 286,450 2Treasury stock 87,000 87,000 3 Cash Treasury stock Paid-in capitai from treasury stock 12,600 a. How many shares were originally issued? b. What was the par value of the shares nsued? 5 per share c. How many shares of treasury stock were acquired? shares d. How many shares of treasury stock were sol stock soid? A what price per share was the treasury it 8 7
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started