The company began business on January 1^st. Its Balance Sheet on December 31^st contained the Shareholders Equity as follows:

Common Stock (5 par value)			15.000
Additional paid in capital			50.000
Retained earnings			5.000
Less 180 shares held in treasury			-5.000
Total Shareholders Equity			65.000

During the year Parmalat engaged in the following capital stock transactions:

1. Issued shares for 20 each.
2. Acquired 400 shares for the treasury in a single transaction.
3. Reissued some of the treasury shares.

Assume that those were all of the common stock transactions during the year.

The company began business on January 1^st. Its Balance Sheet on December 31^st contained the Shareholders Equity as follows:

Common Stock (5 par value)			15.000
Additional paid in capital			50.000
Retained earnings			5.000
Less 180 shares held in treasury			-5.000
Total Shareholders Equity			65.000

During the year Parmalat engaged in the following capital stock transactions:

1. Issued shares for 20 each.
2. Acquired 400 shares for the treasury in a single transaction.
3. Reissued some of the treasury shares.

Assume that those were all of the common stock transactions during the year.

1.- How many shares did Parmalat issued for 20? (3 points)

2.- What was the price at which it acquired the treasury shares? (3 points)

3.-How many shares did it reissue from the stock of treasury shares? (3 points)

4.- What was the price at which it reissued the treasury shares? (12 points)

5.- What journal entries did it make during the year? (16 points)