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Problem 14-6 Equity Accounts (L03) Common Products has just made its first issue of stock. It raised $2.7 million by selling 300,000 shares of stock

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Problem 14-6 Equity Accounts (L03) Common Products has just made its first issue of stock. It raised $2.7 million by selling 300,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $1. Complete the following table: (Enter your answers in dollars, not in millions.) Common stock (par value) Additional paid in capital Retained earnings Net common equity $ 3,200,000

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