Question
PLEASE SHOW ALL WORK Bohemian Company has 500,000 shares of no par common stock with a stated value of $8 per share issued and outstanding
PLEASE SHOW ALL WORK
Bohemian Company has 500,000 shares of no par common stock with a stated value of $8 per share issued and outstanding as of January 1, originally issued for $14 per share. During 2018, Bohemian Company had the following transactions involving its own stock: On March 6, acquired 18,755 shares of treasury stock at a cost of $11 per share On April 18, resold 5,485 shares of treasury stock at $16 per share. On June 11, resold an additional 2,260 shares of treasury stock at $10 per share If Bohemian uses the cost method of accounting for treasury stock, what will be the balance in Treasury Stock as a result of these transactions?
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