Problem 15-2 (Part Level Submission) Bramble Company had the following stockholders equity as of January...
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Accounting
Problem 15-2 (Part Level Submission)
Bramble Company had the following stockholders equity as of January 1, 2017.
Common stock, $5 par value, 18,200 shares issued
$91,000
Paid-in capital in excess of parcommon stock
299,000
Retained earnings
320,000
Total stockholders equity
$710,000
During 2017, the following transactions occurred.
Feb. 1
Bramble repurchased 1,990 shares of treasury stock at a price of $17 per share.
Mar. 1
850 shares of treasury stock repurchased above were reissued at $15 per share.
Mar. 18
530 shares of treasury stock repurchased above were reissued at $15 per share.
Apr. 22
580 shares of treasury stock repurchased above were reissued at $19 per share.
(b) Prepare the stockholders' equity section as of April 30, 2017. Net income for the first 4 months of 2017 was $126,200. ( BRAMBLE COMPANY Stockholders' Equity
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