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What is the credit balance in Paid-in Capital

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Reference no: EM133032433

Problem - The following are facts about the activities of Shoemaker Company, a new company.

a. Reacquired 20,000 shares of its own stock for a total of $380,000.

b. Sold 6,000 shares of treasury stock for $24 per share.

c. Sold 2,800 shares of treasury stock for a total of $44,800.

Required - What is the credit balance in Paid-in Capital from Sale of Treasury Stock after part (c)?

Reference no: EM133032433

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