Question: 1st 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

Bella Donna Company has 90,000 shares of $3 par common stock issued

1st

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 full answer

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