on January 1,2015, Dreamy Comp

4. On January 1, 2015, Dreamy Company issued 30,000 shares of $2 par value common stock for $150,000. On M.. 1, 2015, the company purchased 6,000 shares of its common stock for $7 per share for the treasury. On June 1 2015, 1.500 of the treasury shares are sold for $10 per share on September 1, 2015, 3,000 treasury shares are sold at $5 per share. Instructions Joumalize the stock transactions of Dreamy Company in 2015. GENERAL JOURNAL PAGE DESCRIPTION DEBIT CREDIT POST TREF 1 The following items were shown on the balance sheet of Easton Corporation on December 31, 2015: Stockholders' equity Paid-in capital Capital stock Common stock. $10 par value, 400,000 shares Authorized: __shares Issued: Additional paid-in capital outstanding: $1,850,000 165,000 2,025,000 In excess of par. Total paid-in capital .............. 750,000 Retained earnings ...... 2,765,000 Total paid-in capital and retained earnings ..... 1270,000 . Less: Treasury stock (18,000 shares).. $2.495.000 Total stockholders' equity...... Instructions 1. Fill in the blanks at top of page 2. Complete the following statements 3. Show your calculations (a) The number of shares of common stock issued was (b) The number of shares of common stock outstanding was The total sales price of the common stock when issued was $ (d) The cost per share of the treasury stock was $ (e) The average issue price of the common stock was $ (0) Assuming that 25% of the treasury stock is sold at $20 per share, the balance in the Treasury Stock be $