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please help! The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid in capital in excess
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The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid in capital in excess of par Retained earnings Current Year Prior Year $ 138,888 $ 122,888 589,800 353,000 335,500 399,500 The company's net income for the current year ended December 31 was $59,000 1. Complete the T-accounts to calculate the cash received from the sale of its common stock Common Stock. $10 Par Beg bal End bal 0 Paid-in Capital in Excess of Par P bal End bal. Cash received Print 2. Complete the T-account to calculate the cash paid for dividends during the current year.. References Retained Earings Beg, bal End bal Step by Step Solution
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