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On January 1, 2021, Matsumura Fishworks Corporation is authorized to issue 2,000 shares of common stock with a par value of $.01 per share. On
On January 1, 2021, Matsumura Fishworks Corporation is authorized to issue 2,000 shares of common stock with a par value of $.01 per share. On January 2, 2022, they issue 1,500 shares for $20 per share. On March 1, 2023, Matsumura repurchases 800 shares of its outstanding common stock for $17 per share. On December 1, 2023, they sell 500 shares of treasury stock for $25 per share. These are Matsumura's only stock transactions during this time. What is the balance in Matsumura Fishworks Corporation's Additional Paid-In Captial Account as of January 3, 2022? (enter your answer as digits only, without any dollar signs, periods, or commas). On January 1, 2021, Matsumura Fishworks Corporation is authorized to issue 2,000 shares of common stock with a par value of $.01 per share. On January 2, 2022, they issue 1,500 shares for $20 per share. On March 1, 2023, Matsumura repurchases 800 shares of its outstanding common stock for $17 per share. On December 1, 2023, they sell 500 shares of treasury stock for $25 per share. These are Matsumura's only stock transactions during this time. What entries will Matsumura make for the stock repurchase on March 1, 2023? Debit Cash, credit Stockholders' Equity O Debit Cash, credit Treasury Stock, credit Additional Paid-In Capital Debit Treasury Stock, credit Cash Debit Retained Earnings, credit Cash
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