What does the 62000 gain on sale of treasury stock represent?

Treasure stock represents the stock that is bought back by the company who reduces the stock on the open market. A debit balance will count the general ledger account w hen a corporation has this stock. The statement just refers to the amount that was gained on the sale of the treasury stock which is 62,000.

Reissuing the 5 shares have on the company's paid-in capital from treasury stock transactions account Increase additional paid-in capital by $25 and Issued 200 shares of $12 par value common stock for $25 a share. Five hundred shares are authorized.