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Compute the balance of Share Premium Treasury Stock

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Reference no: EM132935809

Question - Little John Company has 250,000 shares of P10 par value stock outstanding. During 2023, the company had the following transactions:

January 15- Purchased 6,000 shares of its own stock at P20 per share.

February 2- Sold 1,500 shares of stock purchased on January 15 for P22 per share

November 14-Sold 2,000 shares of stock purchased on January 15 for P18 per share.

Required - Compute the balance of Share Premium Treasury Stock at the end of the year?

Reference no: EM132935809

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