Question
The following items were shown on the balance sheet of Jones Corp. on December 31, 2012: Stockholders Equity Paid-In Capital Common Stock, $10 par value,
The following items were shown on the balance sheet of Jones Corp. on December 31, 2012:
Stockholders Equity
Paid-In Capital
Common Stock, $10 par value, 800,000 shares authorized;
_____ share issued and ______ shares outstanding.$6,000,000
Additional paid-in capital in excess of par value...1,000,000
Total paid-in capital...7,000,000
Retained Earnings......2,000,000
Total paid-in capital and retained earnings...9,000,000
Less: Treasury Stock (25,000 shares).......(500.000)
Total Stockholders Equity....$8,500,000
Complete the following and show your computations:
- The number of shares of common stock issued was _________________
- The number of shares of common stock outstanding was ________________
- The total sales amount of all common stock when issued was $________________
- How much did the treasury stock cost per share? $___________________
- What was the average issue price of the common stock? $__________________
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