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Horton co was organized on january 2 2010 with 500000

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Horton Co. was organized on January 2, 2010, with 500,000 authorized shares of $10 par value common stock. During 2010, Horton had the following capital transactions:

  • January 5-issued 375,000 shares at $14 per share.
  • July 27-purchased 25,000 shares at $11 per share.
  • November 25-sold 15,000 shares of treasury stock at $13 per share.
  • Horton used the cost method to record the purchase of the treasury shares.

Required: What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2010

Reference no: EM13592181

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