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Prior to June 30, a company has never had any treasury stock transactions. A company re-purchased 100 shares of it's common stock on June 30
Prior to June 30, a company has never had any treasury stock transactions. A company re-purchased 100 shares of it's common stock on June 30 for $40 per share. on July 20, it re-issued 50 of the shares a $46 per-share. On August 1, it re-issued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2?
a. $100
b. $0
c. $2,600
d. $1,200
e. $5,050
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