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On January 1, 2017, the first year of operations, Alpha Corp, issued $15,000 shares of $10 par value common stock for $15 per share.

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On January 1, 2017, the first year of operations, Alpha Corp, issued $15,000 shares of $10 par value common stock

for $15 per share. On July 1, 2017, Alpha Corp 1000 of these shares were reacquired for $20 each. On Sept 1,2017, Alpha reissued for $22 per share. No stock transactions occurred during the remaining 2017 fiscal year. Use this informaton to determine the dollar amounts that Alpha will report on its fiscal year 2017 balance sheet.

Common stock

Paid in capital stock in excess to common stock excess to par

Treasury stock

Paid in capital to treasury stock

 
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