solved : Weldon Wire has issued 2,500,000 shares of $2 par common sto
Weldon Wire has issued 2,500,000 shares of $2 par common stock atan average price of $10 per share. Of these, 100,000 shares were repurchased during the year for $15 each and retired. Another 200,000 shares of the stock were repurchased for $17 each and are being held for later use. There were no other common stock transactions during the year.Required:Determine the balance in each of the following shareholders’ equity accounts: Common stock?par, Additional paid-in capital, and Treasury stock.(Amounts to be deducted should be indicated by a minus sign.)Accounting Business Financial Accounting ACCT 620
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