Smith Company has never had any treasury stock transactions. On June 1 of the current year, Smith purchased 100 shares of its common stock (which has a par value of $10) for $5,000. On July 1, they reissued 50 of these shares at $52 per share.
What is the balance in the Paid-in- Capital, Treasury Stock account on July 1?

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The Answer of Smith Company has never had any treasury stock transactions. On June 1 of the current year, Smith purchased 100 shares of its common stock (which has a par value of $10) for $5,000. On July 1, they reissued 50 of these shares at $52 per share.
What is the balance in the Paid-in- Capital, Treasury Stock account on July 1?

Smith Company Has Never Had Any Treasury Stock Transactions