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Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2?

Respuesta :

Karabo99

Answer:

The balance in the Treasury Stock account on August 2 is $1,200.

Explanation:

Balance in the Treasury Stock account on August 2

= (100 - 50 - 20)*$40  

= 30*$40

= $1,200

Therefore, The balance in the Treasury Stock account on August 2 is $1,200.

msakhile

Answer:

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Explanation:

Please see attachment

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