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Bonita Industries was organized on January 1, 2021, with an authorization of 1290000 shares of common stock with a par value of $6 per share. During 2021, the corporation had the following capital transactions: issued 645000 shares @ $11 per share January 5 July 28 purchased 75000 shares @ $11 per share December sold the 75000 shares held in treasury @ $18 per share 31

Bonita Industries was organized on January 1, 2021, with an authorization of 1290000 shares of common stock with a par value of $6 per share. During 2021, the corporation had the following capital transactions: issued 645000 shares @ $11 per share January 5 July 28 purchased 75000 shares @ $11 per share December sold the 75000 shares held in treasury @ $18 per share 31

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Bonita Industries was organized on January 1, 2021, with an authorization of 1290000 shares of common stock with a par value of $6 per share. During 2021, the corporation had the following capital transactions: January 5 issued 645000 shares @ $11 per share July 28 purchased 75000 shares @ $11 per share December sold the 75000 shares held in treasury @ $18 per share 31 Bonita used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2021? $2330000. $3225000. $3750000. $-0-.
Transcribed Image Text:Bonita Industries was organized on January 1, 2021, with an authorization of 1290000 shares of common stock with a par value of $6 per share. During 2021, the corporation had the following capital transactions: January 5 issued 645000 shares @ $11 per share July 28 purchased 75000 shares @ $11 per share December sold the 75000 shares held in treasury @ $18 per share 31 Bonita used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2021? $2330000. $3225000. $3750000. $-0-.
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