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. | |
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