Waterway Industries was organized on January 2, 2021, with 525000 authorized shares of $10 par value common stock. During 2021, Waterway had the following capital transactions: January 5—issued 393750 shares at $12 per share. July 27—purchased 26250 shares at $9 per share. November 25—sold 15750 shares of treasury stock at $11 per share. Waterway used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2021?

Answer rating: 100% (QA)

Balance in paid in capital from treasury stock ac... View the full answer