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Western Amusements Corporation had the following stockholders' equity on November 3 0 : ( Click the icon to view the stockholders' equity. ) On December
Western Amusements Corporation had the following stockholders' equity on November :
Click the icon to view the stockholders' equity.
On December Western purchased shares of treasury stock at $ per share.
Read the requirements.
Balance Sheet Partial
December
Stockholders' Equity
PaidIn Capital:
Common Stock $ Par Value;
shares authorized,
shares issued, shares outstanding
PaidIn Capital in Excess of ParCommon
Total PaidIn Capital
Retained Earnings
Treasury StockCommon; shares at cost
Total Stockholders' Equity
Requirements
Journalize the purchase of the treasury stock.
Prepare the stockholders' equity section of the balance sheet at December Assume the balance in retained earnings is unchanged from November
How many shares of common stock are outstanding after the purchase of treasury stock?
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