What are the balances of common stock

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Reference no: EM13556084

Speedy Corporation had the following account balances prior to repurchasing some of its stock:

Common Stock, $6 par, 50,000 shares authorized;

 

25,000 shares issued and outstanding

$ 150,000

Paid-in Capital in Excess of Par Value --- Common Stock

735,000

Retained Earnings

450,000

Total Stockholders' Equity

$1,335,000

Speedy repurchased 2,000 shares of its common stock and held it in the treasury. Speedy paid $33 per share to repurchase its stock. What are the balances of Common Stock and Total Stockholders' Equity after the repurchase?

 

Common Stock

Total SE

a.

$ 138,000

$1,269,000

b.

$ 150,000

$1,335,000

c.

$ 138,000

$1,335,000

d.

$ 150,000

$1,269,000

e.

$ 138,000

$1,330,000

Reference no: EM13556084

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