On December 30, Pioneer purchased 100 shares of treasury stock at $14 per share. Data Table:

Stockholders' Equity

Paid-In Capital:

Common Stock$5 Par Value; 1,300 shares authorized, 130 shares issued and outstanding

$650

Paid-In Capital in Excess of ParCommon

1,950

Total Paid-In Capital

2,600

Retained Earnings

58,000

Total Stockholders' Equity

$60,600

Requirement 1. Journalize the purchase of the treasury stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.)

Date	Accounts and Explanation	Debit	Credit
Dec. 30

Part 2

Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31,

2024. Assume the balance in retained earnings is unchanged from November 30.

Pioneer Amusements Corporation

Balance Sheet (Partial)

December 31

Stockholders' Equity
	Paid-In Capital:
		Total Paid-In Capital
	Total Stockholders' Equity

Part 3

Requirement 3. How many shares of common stock are outstanding after the purchase of treasury stock?

shares are outstanding.