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On March 3rd, 4J corporation issued 5,000 shares of its $2.00 par common stock for $15 per share. On July 1, the company bought back
On March 3rd, 4J corporation issued 5,000 shares of its $2.00 par common stock for $15 per share. On July 1, the company bought back 1,500 shares of its own common stock for $17 per share. On September 2nd, they resold 500 shares for $20 per share. On September 15th, they resold 600 shares for $15. On October 14th, the board of directors declared a $1 dividend per share of outstanding stock for shareholders on record as of October 28th, which will be paid out on November 2nd. for and a credit to The journal entry to record the November 2nd payment of dividends would be a debit to for Selected Financial Statements for Gloria Co appear below: Cash S600,000 98,000 Common Stock (S2) par) S300.000 Short-term investments $45,000 Paid In Capital in Excess of Par Value- Common Stock $50,000 Long-term investments $425,000 Retained Earnings $350,000 Accounts Payable $33,000 Service Revenue Dividends Payable $17,000 Operating S700,000 Expenses a. Calculate the number of issued common shares a. Assume all of the shares were sold on the same date, what would have been the total sales price of the stock What would have been the sales price per share
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