1st Bella Donna Company has 90,000 shares of $3 par common stock issued and outstanding as of...
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Bella Donna Company has 90,000 shares of $3 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $11 per share. On February 3, 2018, Bella Donna repurchased 6,230 shares at $5 per share for the purposes of retiring them. What will be the balance in Paid in capital in excess of par after February 3rd transaction? Bella Donna Company has 90,000 shares of $3 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $11 per share. On February 3, 2018, Bella Donna repurchased 6,230 shares at $5 per share for the purposes of retiring them. What will be the balance in Paid in capital in excess of par after February 3rd transaction?
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Answer 18690 Date General Journal Debit Credit 1 January 2018 Cash 990000 9000011 C... View the full answer
Related Book For
Foundations of Finance
ISBN: 9780135160619
10th edition
Authors: Arthur J. Keown, John H. Martin, J. William Petty
Posted Date:
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