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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

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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

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