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Marigold Corp. was organized on January 1, 2017. It is authorized to issue 22,500 shares of 7%, $51 par value preferred stock and 457,000 shares
Marigold Corp. was organized on January 1, 2017. It is authorized to issue 22,500 shares of 7%, $51 par value preferred stock and 457,000 shares of no-par common stock with a stated value of $3 per share. The following stock transactions were completed during the first year.
Jan. | 10 | Issued 68,500 shares of common stock for cash at $5 per share. | |
Mar. | 1 | Issued 1,170 shares of preferred stock for cash at $54 per share. | |
May | 1 | Issued 113,500 shares of common stock for cash at $7 per share. | |
Sept. | 1 | Issued 4,700 shares of common stock for cash at $8 per share. | |
Nov. | 1 | Issued 2,700 shares of preferred stock for cash at $55 per share. |
B)Prepare the paid-in capital portion of the stockholders equity section at December 31, 2017.
Prepare the paid-in capital portion of the stockholders' equity section at December 31, 2017 MARIGOLD CORP Partial Balance Sheet $ $Step by Step Solution
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