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What is balance of paid-in capital from sale of treasury

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Reference no: EM132755308

Problem - The following transactions were completed by Grayson Inc. during the current fiscal year ended December 31:

Apr. 19. Reacquired 10,000 shares of its own $10 par common stock at $30 per share.

Aug. 30. Sold 6,000 of the reacquired shares at $36 per share.

Nov. 10. Sold 2,000 of the reacquired shares at $34 per share.

Required -

a. Journalize the transactions of April 19, August 30, and November 10.

b. What is the balance of Paid-In Capital from Sale of Treasury Stock on December 31 of the current year?

Reference no: EM132755308

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