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24. Panhandle Corporation was organized on January 3, 2015. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2015 they

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24. Panhandle Corporation was organized on January 3, 2015. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2015 they had the following transactions: a. Issued 30,000 shares of common stock at $7 per share b. Issued 20,000 shares of common stock at $8 per share c. Reported a net income of $100,000 d. Paid dividends of $50,000. Calculate the following A. Dollar amount in Common Stock B. Dollar amount in Additional Paid in Capital C. Dollar amount in Retained Earnings

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