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Rube corporation had the stockholders equity accounts on

Rube Corporation had the stockholders' equity accounts on January 1, 2011: Common Stock ($5 par) $400,000, Paid-in Capital in Excess of Par Value $200,000, and Retained Earnings $300,000.

In 2011, the company had the following treasury stock transactions.

Mar. 1 Purchased 5,000 shares at $7 per share.
June 1 Sold 1,000 shares at $11 per share.
Sept. 1 Sold 2,000 shares at $9 per share.
Dec. 1 Sold 1,000 shares at $5 per share.

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Accounting Basics: Rube corporation had the stockholders equity accounts on

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