Devona Enterprises began fiscal 2010 on January 1 with 1 million shares of common stock authorized and

Question:

Devona Enterprises began fiscal 2010 on January 1 with 1 million shares of common stock authorized and 300,000 shares issued and outstanding. The par value of the common stock is $ 0.50 per share and the additional paid- in capital was $ 5,037,500 on January 1, 2010. On March 15, Devona issued an additional 50,000 shares of common stock for $ 21 per share. On October 31, Devona purchased 10,000 shares of common stock for $ 19 per share to be held as treasury stock. Show how these events would be reported on the 2010 Statement of Owners’ Equity.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...