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
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 750,000 Common stock 112,500 Paid-in capital in excess of par value 637,500 2 Treasury stock 150,000 Cash 150,000 3 Cash 121,500 Treasury stock 112,500 Paid-in capital from treasury stock 9,000
a. How many shares were originally issued? Answer shares
b. What was the par value of the shares issued? $Answer per share
c. How many shares of treasury stock were acquired? Answer shares
d. How many shares of treasury stock were sold? Answer shares
e. At what price per share was the treasury stock sold? $Answer per share
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