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Ellajane Corporation was organized several years ago and was duthorized to issue 4,000,000 shares of $50 par value 540 preferred stock It in also authorized
Ellajane Corporation was organized several years ago and was duthorized to issue 4,000,000 shares of $50 par value 540 preferred stock It in also authorized to isiue 1,750,000 shares of $1 par value common stock. In its fifth yeat, the corporation has the following transactions: Mar. 1 Purchased 2,000 thares of its own common stock at $15 per share: Apr. 10 Relssued 1,000 shares of its common stock held in the treasury for $19 per share. Jun. 12 Reissued 1,000 shares of common stock at $13 por share
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