What is the balance in the paid-in capital


Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 1 for $5,000. On July 1, it reissued 50 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?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the balance in the paid-in capital
Reference No:- TGS069976

Expected delivery within 24 Hours