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Compute the number of shares that have been issued

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Question - As of December 31, 2021 Jaxon and Jordan Associates had the following equity balances:

Stockholders' Equity December 31, 2021

Common stock - $0.50 par value, authorized 1,000,000 shares $200,000

Additional paid-in capital 980,000

Treasury stock-6,000 shares (30,000)

Retained earnings 250,000

Total stockholders' equity $1,400,000

Required -

1. Compute the number of shares that have been issued.

2. At what average issue price were the shares issued?

3. At what average cost were the treasury stock purchased?

Reference no: EM133077454

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