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Please show work Use the following to answer questions 23 - 26 J.T Corporation was organized on January 3, 20XE. The firm was authorized to
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Use the following to answer questions 23 - 26 J.T Corporation was organized on January 3, 20XE. The firm was authorized to issue 100,000,000 shares of $1.00 par common stock. During 20XE, the company had the following transactions relating to shareholders' equity: Shares Total Per share $20.00 $22.00 300,000 200,000 490,000 Issued common stock (January) Issued common stock (July) Outstanding shares Dividends declared Treasury stock Net income for the year $0.45 $25.00 $650,000 23. $ What is the additional paid-in capital at the end of 20XE? 24. $ What is total Paid-in capital at the end of 20XE? Chapter 10 Page 10-3 25. $ _What is total retained earnings at the end of 20XE? 26. $ What is total stockholders' equity at the end of 20XEStep by Step Solution
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