Warren Corporation was organized on January 1, 2014, with an authorization of 500,000 shares of common stock

Question:

Warren was organized on January 1, 2014, with an authorization of 500,000 shares of ($5 per share). During 2014, the company had the following capital transactions:
January 5 Issued 100,000 shares at $5 per share
April 6 Issued 50,000 shares at $7 per share
June 8 Issued 15,000 shares at $10 per share
July 28 Purchased 25,000 shares at $4 per share
December 31 Sold 25,000 shares held in treasury at $8 per share

Required:
What should be the balance in the Additional paid-in capital account at December 31, 2014?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...