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im a little confused but using the information in these 3 photos can you complete what the Stockholders Equity section of the balance sheet would
im a little confused but using the information in these 3 photos can you complete what the Stockholders Equity section of the balance sheet would be for this
A subscriber to 100 shares of CS defaulled on his subscription. The subscriber had guaranteed the subscription price. The stock was sold for $20 a share. Record the following transactions that occurred on 1/1/62 : A subscriber to 100 shares of CS defaulted on his subscription. The deposit was returned to the subscriber. Record the transaction CS Subscribed PIC in Excess of Par-CS cS Subscriptions Receivable Cash A subscriber to 100 shares of CS defaulted on his subscription. The subscriber forfeited the deposit. Record the transaction cs Subscribed PIC in Excess of Par - CS CS Subscriptions Receivable PIC - from Defaulting Subscriber The rest of the subscribers paid in full and the stock was issued. Complete this exercise at home and turn in next class period for a grade 13. Prepare the stockholders' equity section of the balance sheet following the above four transactions Step by Step Solution
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