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on January 1,2015, Dreamy Comp

4. On January 1, 2015, Dreamy Company issued 30,000 shares of $2 par value common stock for $150,000. On M.. 1, 2015, the com
The following items were shown on the balance sheet of Easton Corporation on December 31, 2015: Stockholders equity Paid-in
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Question 4
DATE PARTICULARS DEBIT CREDIT
Jan1 2015 Cash 150000
Common stock 60000
paid in capital in excess of par 90000
Mar 1 2015 Treasury stock-common 42000
Cash 42000
June 1 2015 Cash 15000
Treasury stock-common 10500
Paid in capital from treasury stock 4500
June 1 2015 Cash 15000
Paid in capital from treasury stock 6000
Treasury stock-common 21000

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Authorized=400,000 shares issued= 185000 outstanding=167,000

a.185000

b.167,000{ 185,000- 18,000( treasury stock)}

c.10.89  [(number of shares issued X par value) + paid in capital] / number of shares issued=[ (185000*10)+165000]/ 185000

d.15 ( 270000/18000)

e.10.89  [(number of shares issued X par value) + paid in capital] / number of shares issued=[ (185000*10)+165000]/ 185000

f.202500 [ 270000-( 18000*25%*15)]

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