2. Pr15-5 modified for Treasury Stock - cost method
Common stock $30 PAR value, 20,000 auth,
9,000 outstanding ,000
Contributed capital in excess of PAR ,000
Retained earnings ,000
Owners' equity ,000
a) acquired 380 shares of its own shares at $39 per share
b) acquired 300 shares of its own shares at $43 per share
c1) reissued 100 treasury shares for $37 per share
c2) reissued 250 treasury shares for $42 per share
d) reissued 120 treasury shares for $38 per share
e) retired the remaining 210 treasury shares

3. Pr15-5 modified for Treasury Stock - cost method this is after step (d) before step (e)
Balance Sheet
as of Dec. 31, 2006
Owners' Equity section
Common Stock $30 PAR value 20,000 shares authorized,
9,000 shares issued and 8,790 shares outstanding 270,000
Contributed capital in excess of PAR value 99,000
Contributed capital treasury stock transactions
Contributed capital 369,270
Retained Earnings
($9,030 is restricted for the cost of treasury stock) ,800
449,070
Less cost of treasury stock 210 shares at cost ,030
Owners' equity 440,040

4. Ex 15-14