On march 1st, nichols corporation purchased 1,000 shares of previously issued common stock, paying $3 per share. on april 1st, nichols sold 600 shares at $4 per share. what is the amount of paid-in capital from treasury stock transactions for the sale of 600 shares?

The Paid-In Capital from Treasury Stock Transactions for the sale of 600 shares is $600.

Step-by-step explanation:

Total number of shares = 1000.

Sales price is dollars

When treasury stocks are sold, cash is debited for the sales price.

And simultaneously, the treasury stock is credited for the purchase price of the stock = dollars

Paid-In Capital from Treasury Stock Transactions = dollars (difference between sale and purchase price)

So, the amount of Paid-In Capital from Treasury Stock Transactions for the sale of 600 shares is $600.

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