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: $
