Question: Century, Inc., recorded certain capital stock transactions shown in the <a rel=following journal entries…” />

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Show transcribed image text Century, Inc., recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for $20 cash per share, (2) purchased treasury shares at $25 per share, and (3) sold some of the treasury shares: a. How many shares were originally issued? shares b.What was the par value of the shares issued? per share c. How many shares of treasury stock were acquired? shares d. How many shares of treasury stock were sold? shares e. At what price per share was the treasury stock sold? per share

Century, Inc., recorded certain capital stock transactions shown in the following journal entries: (1) issued common stock for $20 cash per share, (2) purchased treasury shares at $25 per share, and (3) sold some of the treasury shares: a. How many shares were originally issued? shares b.What was the par value of the shares issued? per share c. How many shares of treasury stock were acquired? shares d. How many shares of treasury stock were sold? shares e. At what price per share was the treasury stock sold? per share

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