Question
On January 1, 2018 New Corp. issues 2.000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits
On January 1, 2018 New Corp. issues 2.000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made to Additional Paid-in Capital of 1. Further transactions of New Corp is 2018 are: On July 31 2018, New Corp, declared a 10% stock dividend when the share price was $16 a share On August 31, 2018 New Corp bought 100 shares of Treasury stock at $16 per share On Sept 30 2018, they sold 50 shares of Treasury stock at $15 per share. The Additional Paid in Capital on Sept 30 would be 1 Select) The Retained Earnings account on January 1, 2018 was $10,000. On December 1 2018. declared Dividends of $2 per share outstanding. After this event, the Retained Earnings Balance would be Select)
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