Dec. 1 Purchased 1 comma 700 shares of the​ company's $1 par value common stock as treasury​ stock, paying cash of $ 7 per share. 15 Sold 500 shares of the treasury stock for cash of $ 10 per share. 20 Sold 1 comma 000 shares of the treasury stock for cash of $ 3 per share.​ (Assume the balance in​ Paid-In Capital from Treasury Stock Transactions on December 20 is $ 2 comma 100 ​.

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1 Treasury stock refers to firms own shares purchased by firm either from capital market or from exi... View the full answer