On January 1,2011 a company had the following data:
- issued 10,000 shares of $2.00 par value common stock for $12.00 per share
- issued 3,000 shares of $50 par value 6% cumulative preferred stock for $70 per share
- purchased 1,000 shares of previously issued common stock for $15.00 per share

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The Answer of On January 1,2011 a company had the following data:
- issued 10,000 shares of $2.00 par value common stock for $12.00 per share
- issued 3,000 shares of $50 par value 6% cumulative preferred stock for $70 per share
- purchased 1,000 shares of previously issued common stock for $15.00 per share

On January 1,2011 a Company Had the Following Data