torassignmenttakenprogresM Mar 9 Treasury Stock 3162000 Cas

tor-assignment-take&nprogresM; Mar. 9 Treasury Stock | 3,162000 Cash 3,162.000 June 9 Cash 2,880,000 Treasury Stock 2.448.000 Paid-In Capital from Sale of Treasury Stock 432.000 Nov. 13 Cash . 405.000 Treasury Stock 382.500 Paid-In Capital from Sale of Treasury StockLL- 22.500 so- What is the balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year? 454,500 Credit What is the balance in Treasury Stock on December 31 of the current year? b. c. Debit v d. How will the balance in Treasury Stock be reported on the balance sheet? Previous Next Check My Work mail Instructor Save and Exit Submit Assignment for Gradi All work saved.

Solution

Assuming that there are only these three transactions related to Treasury stock                              Treasury Stock 9-Mar 3,162,000 9-Jun 2,448,000 13-Nov 382,500 Bal 331,500 c) $331,500 Debit