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Find the dollar amounts that alpha will report

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Reference no: EM132143733

Question - On January 2, 2017, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On July 1, 2017, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, 2017, Alpha reissued 500 shares of its treasury stock for $22 per share. no other stock transactions occurred during the rest of the fiscal year 2017. Use the info above to find the dollar amounts that Alpha will report on its fiscal year 2017 Balance sheet:

1. Common Stock

2. Paid in Capital Common Stock in excess to par

3. Treasury Stock

4. Paid in capital treasury stock

Reference no: EM132143733

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