Weldon wire has issued 2,500,000 shares of $2 par common stock at an average price of $10 per share. of these, 100,000 shares were repurchased during the year for $15 each and retired. another 200,000 shares of the shares were repurchased for $17 each and are being held for later use. there were no other common stock transactions during the year.

required:
determine the balance in each of the following shareholders’ equity accounts: common stock—par; additional paid-in capital; and treasury stock.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: