Determine the
balance of authorized, issued, on outstanding stock at the end of
the day on each of the following dates. Assume that the company
began operations on January 1, 20X1.
1) 1/1/20X1: The company begins
operations and authorizes 1,000,000 shares of common stock.
Shares
Authorized
Shares
Issued
Shares
Outstanding
2) 1/5/20X1: The company issues
100,000 shares of common stock.
Shares
Authorized
Shares
Issued
Shares
Outstanding
3) 1/19/20X1: The company issues
50,000 shares of common stock.
Shares
Authorized
Shares
Issued
Shares
Outstanding
4) 3/15/20X1: The company
purchases 20,000 shares of their own common stock.
Shares
Authorized
Shares
Issued
Shares
Outstanding
5) 6/15/20X1: The company sells
5,000 treasury shares.
Shares
Authorized
Shares
Issued
Shares
Outstanding
Determine the balance of authorized, issued, on outstanding stock at the end of the day on each of the following dates.
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