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Determine the dollar amounts that alpha will report

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Reference no: EM132139119

Question - On January 2, 2017 the first year of operations, Alpha Corp issued 15,000 shares of $10 par value common stock for $15 per share. On july 1, 2017 Alpha Corp 1,000 of these shares were reacquired for $20 each. On September 1, 2017 Alpha Corp reissued 500 shares of its treasury stock for $22 per share. Use this info to determine the dollar amounts that alpha will report on its fiscal 2017 balance sheet

1. Common stock

2. Paid in capital common stock in excess to par

3. Treasury stock

4. Paid in capital treasury stock

Reference no: EM132139119

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