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Kramer Inc. issued 3 0 million common shares in its IPO in 2 0 2 3 , at an average price of $ 8 per
Kramer Inc. issued million common shares in its IPO in at an average price of $ per share. The common stock has a $ par value. In Kramer earned $ million in
profit in its first year of operations. It also entered into the following transactions in :
On Kramer repurchased million of its common shares for $ per share.
On Kramer reissued million shares for $ per share.
On Kramer retired million of its treasury shares but kept the remaining million shares in the treasury.
Record the entries for the stock transactions. Kramer does not account for all repurchased stock as retirements.
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