illiamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common
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Question:
illiamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $8 par value, 84,000 shares authorized. During the first year, the following selected transactions were completed:
Jounral entry 1 - Sold 61,000 shares of common stock for cash at $55 per share.
jounral entry 2 - Repurchased 3,000 shares at $57 per share.
INCLUDE BALNACE SHEET PLEASE
Williamson Corporation Balance Sheer (Partial) At end of this year | ||
Stockholders' equity: | ||
Total Contributed Capital | ||
Total Stockholders' equity |
Posted Date: