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Question 4 Not complete Marked out of 5.00 Flag question Stock Issuance and Treasury Stock Century, Inc., recorded certain capital stock transactions shown in the
Question 4 Not complete Marked out of 5.00 Flag question Stock Issuance and Treasury Stock Century, Inc., recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for $20 cash per share, (2) purchased treasury shares at $25 per share, and (3) sold some of the treasury shares: 500,000 75,000 425,000 100,000 1 Cash Common stock Paid-in capital in excess of par value 2 Treasury stock Cash 3 Cash Treasury stock Paid-in capital from treasury stock 100,000 81,000 75,000 6,000 a. How many shares were originally issued? shares b. What was the par value of the shares issued? per share c. How many shares of treasury stock were acquired? shares d. How many shares of treasury stock were sold? shares e. At what price per share was the treasury stock sold? per share Check
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