Question

At January 1, 2022, ZZ Company reported the following stockholders'
equity accounts:

Common stock, $9 par ............................  $450,000
Paid-in capital – common stock ..................   125,000
Treasury stock (14,000 shares at $15 cost) ......   210,000
Paid-in capital – treasury stock ................    12,000
Retained earnings ...............................    58,000

During January, ZZ Company entered into the following transactions:

January 14   Re-issued 3,000 of the treasury shares for $9 per share

January 19   Re-issued 5,000 of the treasury shares for $16 per share

January 22   Issued 4,000 shares of previously un-issued common stock
             for $17 per share

January 29   Re-issued 2,000 of the treasury shares for $13 per share

Calculate the balance in the paid-in capital - common stock account
after all of the above transactions have been recorded. 

Answer 1

Paid-in Capital-Common Stock
Jan. 1 bal.		125000
		32000	Jan. 22
Jan. 31 bal.		157000

Jan. 22: 4000 x ($17 - $9) = $32000

Balance in the Paid-in Capital - Common Stock account: $157,000