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Treasury Common Stock (at cost)

150,000

The total paid-in capital (cash collected) related to the common
stock is

13) On October 1, 2014 Macklin Corporation issued 5%, 10year bonds with a face value of $4,000,000 at 104. Interest is
paid on October 1 and April 1, with any premiums or discounts
amortized on a straight-line basis.

Bond interest expense reported on the December 31, 2014
income statement of Macklin Corporation would be

14) Gannon Company acquired 10,000 shares of its own
common stock at $20 per share on February 5, 2014, and sold
5,000 of these shares at $27 per share on August 9, 2015. The
fair value of Gannon's common stock was $24 per share at
December 31, 2014, and $25 per share at December 31, 2015.
The cost method is used to record treasury stock transactions.