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  3. on january 1,2021, the stockholders' equity sectio

On January 1,2021, the stockholders' equity section of Nance Corporation shows: Common stock ( $5...

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Accounting

On January 1,2021, the stockholders' equity section of Nance Corporation shows: Common stock ( $5 par value) $1,500,000; paid-in capital in excess of par value $1,000,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred.
Mar. 1 Purchased 30,000 shares for cash at $22 per share.
July 1 Sold 6,000 treasury shares for cash at $27 per share.
Sept. 1 Sold 5,000 treasury shares for cash at $19 per share.
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