Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 200 shares of its $10 par common stock on

Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 200 shares of its $10 par common stock on June 1 for $50 per share On July 1, it reissued 50 of these shares at $55 per share. On August 1, it reissued 75 treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2 after all of the events in this and the last two questions are recorded?

Response Feedback:

for help :Complete this journal entry and determine the final balance in Paid in Capital, treasury stock after it and the last entry ($250 credit) are recorded.

Date

Account Titles

Debit

Credit

Cash

Paid in Capital, treasury stock

Treasury stock

********** please write for me the final answer .

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Health And Safety Environment And Quality Audits

Authors: Stephen Asbury

3rd Edition

0815375395, 978-0815375395

More Books

Students also viewed these Accounting questions