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Please help I will give thumbs up. Thank you!! Nationwide Publisting was recently organized as a corporation. The company issued common stock to an attomey
Please help I will give thumbs up. Thank you!!
Nationwide Publisting was recently organized as a corporation. The company issued common stock to an attomey who provided legal services worth $12,000 to help with the incorporation. Nationwide also issued common stock to an imventor in exchange for her patent with a market value of $82,000. In addition, Natiorrwide received cash both for the issuance of 8.000 shares of its preferred stock at $50 per share and for the issuance of 19,000 of its common shares at $8 per share. During the first year of operations, Nationwide earned net income of $65,000 and declared a cash dividend of $26,000. Read the requirement, Requirement 1. Without making journal entries, determine the total paid-in capital created by these transactions. Complete the table below by selecting the transactions that result in paid-in capital and then enter the amounts to calculate total paid-in capital for the period. (if an ingut feld is not used in the table leave the field empty; do not select a label or enter a zero.) Requirement 1. Without making journal entries, determine the total paid in capital created by these transactions Step by Step Solution
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