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Find the dollar amount that alpha will report

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Problem - On January 2, 2018, the first year of operations, Alpha Corp., issued 15,000 shares of $10 par value common stock for $15 per share. On July 1, 2018, Alpha Corp., 2,000 of these shares were reacquired for $20 each. On September 1, 2018 Alpha Corp. reissued 500 shares of its treasury stock for $25 per share. No other stock transactions occurred during the rest of fiscal year 2018.

Required - Find the dollar amount that Alpha will report on its fiscal year 2018 Balance Sheet for Paid in Capital Treasury Stock?

Reference no: EM132463996

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