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Posted on May 18, 2024

Johnny Deng, Incorporated initially issued 340,000 shares of $1 par stock for $1,700,000 in 2022. In 2023, the company repurchased 34,000 shares for $340,000.

Johnny Deng, Incorporated initially issued 340,000 shares of $1 par stock for $1,700,000 in 2022. In 2023, the company repurchased 34,000 shares for $340,000. In 2024, 17,000 of the repurchased shares were resold for $272,000. In its balance sheet dated December 31, 2024, Johnny Deng, Incorporated's treasury stock account shows a balance of:

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