The company began business on January 1st. It's Balance Sheet on December 31st contained the Shareholder's Equity as follows:

Table

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

a) Issued shares for 15 each.

b) Acquired 300 shares for the treasury in a single transaction.

c) Reissued some of the treasury shares.

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

1.- How many shares did Colgate issued for 15?

2.- What was the price at which it acquired the treasury shares?

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

4.- What was the price at which it reissued the treasury shares?

5.- What journal entries did it make during the year?

Shareholder's Equity Colgate Palmolive corp Common Stock (10 par value) Additional paid in capital Retained earnings Less 180 shares held in treasury Total Shareholder's Equity 30.000 15.720 6.000 -3.600 48.120