Prepaid journal entries to record following transactions: Jan 10-issued shares of 10$ par common stock at 56$ for cash jan 22 issued 1400 shares of 10$ par common stock in exchange for equipment with a fair market price of 21000$ april 1 purchased 100 shares of treasury stocks at 25$ june 8 sold the 100 shares of treasury stock purchases April 1 at 30$

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.