Total Stockholders' Equity $$52,000$

How many shares of common stock are outstanding after the purchase of treasury stock?

E$-$F:$13-26$ Journalizing issuance of stock and treasury stock transactions $($Learning Objectives $2,3)$

Stock transactions for Careful Driving School, Inc. follow:

Mar. $4$ Issued $27,000$ shares of $$1$ par value common stock at $$10$ per share

May $22$ Purchased $1,300$ shares of treasury stock$-$common at $$13$ per share.

Sep. $22$ Sold $500$ shares of treasury stock$-$common at $$23$ per share.

Oct. $14$ Sold $800$ shares of treasury stock$-$common at $$9$ per share.

Journalize the transactions.

May $22$ Treasury Stock $$16,900$