Decade, Inc., recorded certain capital stock transactions shown in the following journal entries: issued common stock for $ cash per share, purchased treasury shares at $ per share, and sold some of the

treasury shares: 

 

Cash Debit

Common stock Credit

Paidin capital in excess of par value Credit

Treasury stock Debit

Cash Credit

Cash Debit

Treasury stock Credit

Paidin capital from treasury stock Credit

a How many shares were originally issued?

Answer: Shares

b What was the par value of the shares issued?

Answer: $ per share

c How many shares of treasury stock were acquired?

Answer: Shares

d How many shares of treasury stock were sold?

Answer: Shares

e At what price per share was the treasury stock sold?

Answer: Per Share

Answer rating: 100% (QA)

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