LALALAND Corporation was organized on 1/1/2020. It wasauthorized to issue 2 million, $1 par, common stock. Duringthe year, the company had the following transactions:January 5- Issued 400,000 common shares for cash, at $ 1.00each.February 7- issued 250,000 common shares for cash, at $ 1.50each.April 3- Reacquired 10,000 of its common shares, by paying $3,00 per shoare.June 17- Sold 5,000 of its treasury stock, at a price of $ 4,00per share.September 20- Sold all the remaining treasury stock it has, ata price of $ 3.2 per share.October 30- Reacquired 20,000 of its common shares, at $ 2.5per share.Question: What is the dollar balance in the Additional Paid inCapital from Treasury stock account, at year end?(Note: write your answer as a number only, vwith no $ signs or

When the treasury stocks are re-issued at a price more than its cost then Additional paid-in capital…

LALALAND Corporation was organized on 1/1/2020. It was authorized to issue 2 million, $1 par, common stock. During the year, the company had the following transactions: January 5- Issued 400,000 common shares for cash, at $ 1.00 each. February 7- issued 250,000 common shares for cash, at $ 1.50 each. April 3- Reacquired 10,000 of its common shares, by paying $ 3,00 per share. June 17- Sold 5,000 of its treasury stock, at a price of $ 4,00 per share. September 20- Sold all the remaining treasury stock it has, at a price of $ 3.2 per share. October 30- Reacquired 20,000 of its common shares, at $2.5 per share. Question: What is the dollar balance in the Additional Paid in Capital from Treasury stock account, at year end? (Note: write your answer as a number only, with no $ signs or

LALALAND Corporation was organized on 1/1/2020. It was authorized to issue 2 million, $1 par, common stock. During the year, the company had the following transactions: January 5- Issued 400,000 common shares for cash, at $ 1.00 each. February 7- issued 250,000 common shares for cash, at $ 1.50 each. April 3- Reacquired 10,000 of its common shares, by paying $ 3,00 per share. June 17- Sold 5,000 of its treasury stock, at a price of $ 4,00 per share. September 20- Sold all the remaining treasury stock it has, at a price of $ 3.2 per share. October 30- Reacquired 20,000 of its common shares, at $2.5 per share. Question: What is the dollar balance in the Additional Paid in Capital from Treasury stock account, at year end? (Note: write your answer as a number only, with no $ signs or

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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