The stockholders' equity section of the balance sheet appears as follows at January 1, 2014: Common Stock,...

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The stockholders' equity section of the balance sheet appears asfollows at January 1, 2014:
Common Stock, $2 par, 2,000 shares issued and outstanding $4,000
Paid-in Capital in Excess of Par--Common Stock 1,600
Total Capital Stock 5,600
Retained Earnings 5,400
Total Stockholders' Equity $11,000

On March 1, 2014, the company repurchased 800 shares of its commonstock at $12 per share but on April 6, 2014, it reissued 600 sharesof the shares at $20 per share.
A) Prepare the journal entries to record for the March 1 andApril 6 transactions.
B) How many shares of common stock are outstanding at March 31,2014, and April 30, 2014, respectively?

March 31, 2014: $

April 30, 2014: $

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We know that a Journal Entry is basically a form of diary of a businessman in which he records the daily transactions made by him A journal entry basically consist of two terms Debit Dr and Credit Cr Debit is used to represent an increase in account while See Answer

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Common Stock, $2 par, 2,000 shares issued and outstanding	$4,000
Paid-in Capital in Excess of Par--Common Stock	1,600
Total Capital Stock	5,600
Retained Earnings	5,400
Total Stockholders' Equity	$11,000