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On January 1, 2022, the stockholders' equity section of Marigold Corp. shows common stock ($5 par value) $1,500,000; paid-in capital in excess of par
On January 1, 2022, the stockholders' equity section of Marigold Corp. shows common stock ($5 par value) $1,500,000; paid-in capital in excess of par $1,040,000; and retained earnings $1,240,000. During the year, the following treasury stock transactions occurred. Mar. 1 July 1 Sept. 1 Purchased 49,000 shares for cash at $15 per share. Sold 10,000 treasury shares for cash at $17 per share. Sold 9,000 treasury shares for cash at $14 per share. Date Account Titles and Explanation Debit Credit rt For Mar. 1: Treasury Stock 100 ument wi Cash uly 1 Cash Treasury Stock Paid-in Capital from Treasury Stock Sept. 1 Cash Paid-in Capital from Treasury Stock Treasury Stock SUPPORT
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