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Oriole Company was organized on January 2, 2021, with 513000 authorized shares of $10 par value common stock. During 2021, Oriole had the following capital
Oriole Company was organized on January 2, 2021, with 513000 authorized shares of $10 par value common stock. During 2021, Oriole had the following capital transactions:
January 5issued 384750 shares at $12 per share.
July 27purchased 25650 shares at $9 per share.
November 25sold 15390 shares of treasury stock at $11 per share.
Oriole used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2021?
$30780.
$0.
$15390.
$46170.
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