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:

$1$ Cash $1,000,000$

Common stock $150,000$

Paid$-$in capital in excess of par value $850,000$

$2$ Treasury stock $200,000$

Cash $200,000$

$3$ Cash $162,000$

Treasury stock $150,000$

Paid$-$in capital from treasury stock $12,000$

a$.$ How many shares were originally issued?

Answer

$0$

shares

b$.$ What was the par value of the shares issued?

$Answer

$0$

per share

c$.$ How many shares of treasury stock were acquired?

Answer

$0$

shares

d$.$ How many shares of treasury stock were sold?

Answer

$0$

shares

e$.$ At what price per share was the treasury stock sold?

$Answer

$0$

per share