Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 300 shares of its common stock on May 1 for $15,000. On July 1, it reissued 150 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2? a) $15,150. b) $7,800. c) $30,300. d) $150. e) $0

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…