Treasury Stock: Par Value Method
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Reissue shares BELOW cost: "100 shares repurchased for $20 were resold for $13"
Cash 1,300 Treasury Stock 1,000 APIC 300
Original Issue: "10,000 shares, $10 par common stock sold for $15"
Cash 150,000 Common Stock 100,000 APIC 50,000
Reissue shares ABOVE cost: "100 shares repurchased for $20 were resold for $22"
Cash 2,200 Treasury Stock 1,000 APIC 1,200
Buy back BELOW issue price: "200 shares were repurchased for $12/share"
Treasury Stock 2,000 APIC 1,000 Cash 2,400 APIC 600
Buy back ABOVE issue price: "200 shares were repurchased for $20/share"
Treasury Stock 2,000 APIC 1,000 Retained Earnings 1,000 Cash 4,000
