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QUESTION INFORMATION: On November 1, 2020, Charleston Company's stockholders equity account balances were as follows: Common stock (100 shares outstanding, $4 par value) PIC in
QUESTION INFORMATION: On November 1, 2020, Charleston Company's stockholders equity account balances were as follows: Common stock (100 shares outstanding, $4 par value) PIC in excess of par-CS Retained earnings $400 $2,000 $600 During November 2020, Charleston completed the following six transactions: November 5: Declared a cash dividend of $80. November 10: Issued an additional 50 shares of common stock for $16 per share. November 15: Repurchased 35 shares of common stock as treasury stock for $19 per share. November 20: Paid the $80 cash dividend from November 5. November 25: Reissued 7 of the shares repurchased on November 15 for $22 per share. November 30: Net income for the month was $291 common shares QUESTION TO ANSWER: As of November 30, 2020, Charleston has outstanding
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