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Question(s) / Instruction(s):

Prior to June 1, a company has never had any treasury stock transactions. A company repurchased 100 shares of its common stock on June 1 for $5,000. On July 1, it reissued 50 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2?

a)            $100.

b)            $0.

c)            $50.

d)            $2,600.

e)            $5,050.

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