Illusions, Inc. reacquired 24,000 shares of its common stock for per $17 share on June 1. On July 1 they sold 6,000 treasury shares for $25 per share. On August 1 they sold 7,000 treasury shares for $13 per share. Assuming no prior balance in the Additional Paid in Capital from Treasury Stock Transactions account.

What is the ending balance in this account the transactions?

Answer rating: 100% (QA)

Purchase of 24000 shares for 17 per share on June 1 The cost of repurchasing the treasury ... View the full answer