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Common stock in exchange for equipment-fair market price

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Reference no: EM13823377

a. Issued 1,000 shares of $15 par common stock at $54 for cash. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".

b. Issued 1,400 shares of no-par common stock in exchange for equipment with a fair market price of $24,000.

c. Purchased 100 shares of treasury stock at $26.

d. Sold 100 shares of treasury stock purchased in (c) at $29. For a compound transaction, if an amount box does not require an entry, leave it blank or enter "0".

Reference no: EM13823377

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