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8. Curry and Henderson Inc. had the following balances on January 1, 2020 Common Stock, $1 par value, 10,000 shares issued and outstanding.............$10,000 Paid In
8. Curry and Henderson Inc. had the following balances on January 1, 2020 Common Stock, $1 par value, 10,000 shares issued and outstanding.............$10,000 Paid In Capital In Excess of Par-common stock... .................$90,000 Retained Earnings......... . ..............$80,000 The following transactions affected stockholders' equity accounts in 2020: a. January 30, declared and paid a $1/share dividend on common stock. b. August 1, issued 1,000 additional shares of common stock for $12 per share. c. November 1, purchased 1,000 shares of stock for its treasury for $11 per share. d. Curry and Henderson Inc. reported Net Income of $60,000 for 2020. Required: Make the journal entries for a. - C. Question Answer What would be the ending balance in retained earnings? What amount of total stockholders' equity would be reported on the 12/31/2020 balance sheet
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