Prior to june 30, a company has never had any treasury stock transactions. a company repurchased 100 shares of its $1 par common stock on june 30 for $40 per share. on july 20, it reissued 50 of these shares at $46 per share. on august 1, it reissued 20 of the shares at $38 per share. what is the journal entry necessary to record the repurchase of stock on june 30? multiple choice debit common stock $4,000; credit cash $4,000. debit common stock $100; debit treasury stock $3,900; credit cash $4,000. debit treasury stock $3,900; debit paid-in capital, treasury stock $100; credit cash $4,000. debit treasury stock, common $4,000; credit cash $4,000.

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Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.