Requirements

Southern Amusements Corporation had the following stockholders' equity on Novemt

On December $30,$ Southern purchased $200$ shares of treasury stock at $$15$ per share

Journalize the purchase of the treasury stock.

Prepare the stockholders' equity section of the balance sheet at December $31,$

Assume the balance in retained earnings is unchanged from November

How many shares of common stock are outstanding after the purchase of

treasurv stock?

Data table