The stockholders' equity section of the balance sheet of Global Publishing at December 31, Year 1, appears as follows:
Answer the following questions based on the stockholders' equity section given above. The company had no treasury stock purchases before Year 1.
-Refer to the above data. Assume that all remaining treasury stock is reissued at a price of $18 per share in January of Year 2. What amount should be credited to the account Additional Paid-in Capital: Treasury Stock Transactions in the journal entry to record this transaction?

Question

The stockholders' equity section of the balance sheet of Global Publishing at December 31, Year 1, appears as follows:
  Answer the following questions based on the stockholders' equity section given above. The company had no treasury stock purchases before Year 1.
-Refer to the above data. Assume that all remaining treasury stock is reissued at a price of $18 per share in January of Year 2. What amount should be credited to the account Additional Paid-in Capital: Treasury Stock Transactions in the journal entry to record this transaction?

Quizplus · Accepted Answer

The Answer of The stockholders' equity section of the balance sheet of Global Publishing at December 31, Year 1, appears as follows:
  Answer the following questions based on the stockholders' equity section given above. The company had no treasury stock purchases before Year 1.
-Refer to the above data. Assume that all remaining treasury stock is reissued at a price of $18 per share in January of Year 2. What amount should be credited to the account Additional Paid-in Capital: Treasury Stock Transactions in the journal entry to record this transaction?

The Stockholders' Equity Section of the Balance Sheet of Global