A company began the current year with the following balances in its stockholders equity accounts. All outstanding
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A company began the current year with the following balances in its stockholders’ equity accounts.
All outstanding common stock was issued for $15 per share when the company was created. Prepare journal entries to account for the following transactions during the current year.
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Common stock-$10 par, 500 shares authorized, 200 shares issued and outstanding .... Paid-in capital in excess of par, common stock Retained earnings..... Total...... $2,000 1,000 5,000 $8,000
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Jan 10 Feb 15 Retained Earnings Common Dividend Payable Declared a 010 per share cash ...View the full answer
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