Coronado Industries was organized on January 2, 2021, with 507000 authorized shares of $10 par...
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Accounting
Coronado Industries was organized on January 2, 2021, with 507000 authorized shares of $10 par value common stock. During 2021, Coronado had the following capital transactions: January 5issued 380250 shares at $16 per share. July 27purchased 25350 shares at $13 per share. November 25sold 15210 shares of treasury stock at $15 per share. Coronado used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2021?
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