What is the credit to paid in capital-treasury stock

Assignment Help Financial Accounting

Reference no: EM13824945

1- Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 200 shares of its $10 par common stock on June 1 for $50 per share On July 1, it reissued 50 of these shares at $55 per share. What is the credit to Paid in Capital, treasury stock required to record this event?

2- Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 200 shares of its $10 par common stock on June 1 for $50 per share On July 1, it reissued 50 of these shares at $55 per share. On August 1, it reissued 75 treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2 after all of the events in this and the last two questions are recorded?

Reference no: EM13824945

Questions Cloud

Common stock shareholders get the cash dividend : If a corporation has dividends in arrears on non-cumulative preferred stock ($15,000 per year), and declares $40,000 of dividends during the current (second) year, how much will be paid to the common shareholders? Common stock shareholders get the ca..

Prepare the operating activities section of cash ?ows : Prepare the operating activities section of the statement of cash ?ows for 2015. Use the indirect method.

Common shareholders get the total dividend : If a corporation has dividends in arrears on cummulative preferred stock ($15,000 per year), and declares $40,000 of dividends during the current (second) year, how much will be paid to the common shareholders? Common shareholders get the total divid..

What is driving the need for this transformational change : Why is this considered a transformational change - Why can the firm not just keep doing what it has been doing?

What is the credit to paid in capital-treasury stock : Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 200 shares of its $10 par common stock on June 1 for $50 per share On July 1, it reissued 50 of these shares at $55 per share. What is the credit to Paid..

How much will be paid to the common shareholders : If a corporation has dividends in arrears on cumulative preferred stock ($15,000 per year), and declares $40,000 of dividends during the current (second) year, how much will be paid to the common shareholders?

Grade will be based on completion and accuracy : Len and Christy Vole, ages 42 and 39 respectively, are married and file jointly in 2011. Len is a contractor operating as a sole proprietorship (EIN 11-1111111). Christy is employed part-time as a paralegal. Complete the Vole’s Form 1040, along with ..

Write about a construction such as a single building : The problem belongs to Civil Engineering and it is explain about a building which is constructed with the method of dropping fossil fuel consumption and to reduce the carbon footprint of the building.

Financing activity : Which of the following is a financing activity?

User Account

All Pages