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EN-US abc co was organzied on jan 2 2 0 2 1 with 5 0 0 0 0 0 authorized sharess of 1 0 par
EN-US abc co was organzied on jan 2 2 0 2 1 with 5 0 0 0 0 0 authorized sharess of 1 0 par value common stock. duddring 2 0 2 1 abv had the following capital transactions: jan 5 issued 4 0 0 0 0 0 shares at 1 4 per share. july 2 7 - purchased 4 0 0 0 0 shares at 1 1 per share. nov 2 5 sold 1 6 0 0 0 shares of treasury stock at 1 3 per share. dec 2 5 - sold 7 0 0 0 shares of treasury stock at 8 per share. abc used the cost method to record the purchase of the reasury shares. what would be the balance in the paid in capital from treasury stock account at dec 3 1 2 0 2 1 . to solve create a t account for paid in capital from treasury stock to track how much it changes based on the nove 2 5 and dec 2 5 transactions
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