Horton co was organized on january 2 2010 with 500000, Ask an Expert

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Horton Co. was organized on January 2, 2010, with 500,000 authorized shares of $10 par value common stock. During 2010, Horton had the following capital transactions:
January 5-issued 375,000 shares at $14 per share.
July 27-purchased 25,000 shares at $11 per share.
November 25-sold 15,000 shares of treasury stock at $13 per share.
Horton used the cost method to record the purchase of the treasury shares.
Required:
What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2010

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9625143

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