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Prior to June 30, a company has never had any treasury stock transactions. A company...

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Accounting

Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the balance in the Treasury Stock account on August 2?

  • $1,200.

  • $0.

  • $5,050.

  • $2,600.

  • $100.

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