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Swifty Corporation was organized on January 2, 2021, with 502000 authorized shares of $10 par value common stock. During 2021, Swifty had the following capital
Swifty Corporation was organized on January 2, 2021, with 502000 authorized shares of $10 par value common stock. During 2021, Swifty had the following capital transactions: January 5-issued 376500 shares at $16 per share. July 27-purchased 25100 shares at $13 per share. November 25-sold 15060 shares of treasury stock at $15 per share. Swifty used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2021? $0. $45180. $15060. $30120
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