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Prior to June 1, a company has never had any treasury stock transactions. A company...

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Accounting

Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 250 shares of its common stock on June 1 for $12,500 per share. On July 1, it reissued 125 of these shares at $53 per share. On August 1, it reissued the remaining treasury shares at $48 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2? A. $12,625 B. $6,625 C. $19,250 D. $125 E. $0

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