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Omaha, Inc., recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for $40 cash per share, (2) purchased
Omaha, Inc., recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for $40 cash per share, (2) purchased treasury shares at $50 per share and (3) sold some of the treasury shares: 1 Cash 437,000 Common stock 43,700 Paid in capital in excess of par value 393,300 2 Treasury stock 77,000 Cash 27,000 3 Cash 63,360 Treasury stock 52,800 Paid-in capital from treasury stock 10,560 a. How many shares were originally issued? x shares b. What was the par value of the shares issued? $ * per share c. How many shares of treasury stock were acquired? x shares d. How many shares of treasury stock were sold? x shares e. At what price per share was the treasury stock sold? x per share
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