Balance in the paid-in capital

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Reference no: EM13123564

Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 1 for $5,000. On July 1, it reissued 50 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?

a. $5,050.
b. $2,600.
c. $100.
d. $50.
e. $0.

Reference no: EM13123564

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