sury stock at $15 per share. sheet at December 31 cer the purchase of trea Data table Stockholders' Equity Paid-In Capital: k. (Record debits first, Common Stock-$5 Par Value; 1,300 shares authorized, 320 shares issued and outstanding $ 1,600 on Paid-In Capital in Excess of Par-Common 4,800 Total Paid-In Capital Retained Earnings Total Stockholders' Equity 6,400 51,000 $ 57,400 he balance sheet at De Print Done - BO. Mid America Amusements Corporation had the following stockholders' equity on November 30: (Click the icon to view the stockholders' equity.) On December 30, Mid America purchased 200 shares of treasury stock at $15 per share. Requirements 1. 2. 3. Journalize the purchase of the treasury stock. Prepare the stockholders' equity section of the balance sheet at December 31, 2016. Assume the balance in retained earnings is unchanged from November 30. How many shares of common stock are outstanding after the purchase of treasury stock? Requirement 1. Journalize the purchase of the treasury stock. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Dec. 30 Treasury Stock-Common Cash Debit Credit 3,000 3,000 Purchased treasury stock. Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2016. Assume the balance in retained earnings is unchanged from November 30. Mid America Amusements Corporation Balance Sheet (Partial) Paid-In Capital: December 31 Stockholders' Equity Mid America Amusements Corporation had the following stockholders' equity on November 30: (Click the icon to view the stockholders' equity.) On December 30, Mid America purchased 200 shares of treasury stock at $15 per share. Requirements 1. 2. 3. Journalize the purchase of the treasury stock. Prepare the stockholders' equity section of the balance sheet at December 31, 2016. Assume the balance in retained earnings is unchanged from November 30. How many shares of common stock are outstanding after the purchase of treasury stock? Paid-In Capital: December 31 Stockholders' Equity Total Paid-In Capital Total Stockholders' Equity Requirement 3. How many shares of common stock are outstanding after the purchase of treasury stock? shares are outstanding