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What is balance in the paid-in capital and treasury stock

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Reference no: EM132793529

Question - Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 140 shares of its common stock on May 1 for $7,000. On July 1, it reissued 70 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?

 -$7,070.

 -$3,640.

 -$2,940.

 -$70.

 -$0.

Reference no: EM132793529

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