The Stockholders' Equity section of Saltsburg Company's balance sheet on January 1,2017,appeared as follows:$$\begin{array} { l r }
\text { Common stock, } \$ 2 \text { par, } 2,000 \text { shares issued and outstanding } & \$ 4,000 \
\text { Additional paid-in capital } & 1,600 \
\text { Retained earnings } & \underline{5,400} \
\text { Total stockholders' equity } & \underline{ \$ 11,000}
\end{array}$$
On March 1,2017,Saltsburg Company reacquired 800 shares of common stock at $12 per share.On April 6,Saltsburg Company resold 600 shares of treasury stock at $20 per share.How many shares of stock are outstanding at March 31,and April 30,respectively?

Question

The Stockholders' Equity section of Saltsburg Company's balance sheet on January 1,2017,appeared as follows:$$\begin{array} { l r } 
\text { Common stock, } \$ 2 \text { par, } 2,000 \text { shares issued and outstanding } & \$ 4,000 \
\text { Additional paid-in capital } & 1,600 \
\text { Retained earnings } &  \underline{5,400} \
\text { Total stockholders' equity } & \underline{ \$ 11,000}
\end{array}$$
On March 1,2017,Saltsburg Company reacquired 800 shares of common stock at $12 per share.On April 6,Saltsburg Company resold 600 shares of treasury stock at $20 per share.How many shares of stock are outstanding at March 31,and April 30,respectively?

Quizplus · Accepted Answer

The Answer of The Stockholders' Equity section of Saltsburg Company's balance sheet on January 1,2017,appeared as follows:$$\begin{array} { l r } 
\text { Common stock, } \$ 2 \text { par, } 2,000 \text { shares issued and outstanding } & \$ 4,000 \
\text { Additional paid-in capital } & 1,600 \
\text { Retained earnings } &  \underline{5,400} \
\text { Total stockholders' equity } & \underline{ \$ 11,000}
\end{array}$$
On March 1,2017,Saltsburg Company reacquired 800 shares of common stock at $12 per share.On April 6,Saltsburg Company resold 600 shares of treasury stock at $20 per share.How many shares of stock are outstanding at March 31,and April 30,respectively?

The Stockholders' Equity Section of Saltsburg Company's Balance Sheet on January