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Required information [ The following information applies to the questions displayed below. ] Golf Apparel has two classes of stock authorized: 4 % , $

Required information
[The following information applies to the questions displayed below.]
Golf Apparel has two classes of stock authorized: 4%, $10 par preferred, and $1 par value common. The following
transactions affect stockholders' equity during 2024, its first year of operations:
January 2 Issue 120,000 shares of common stock for $65 per share.
February 14 Issue 55,000 shares of preferred stock for $13 per share.
May 8 Purchase 12,000 shares of its own common stock for $55 per share.
May 31 Resell 6,000 shares of treasury stock for $60 per share.
December 1 Declare a cash dividend on its common stock of $0.75 per share and a $22,000(4% of par
value) cash dividend on its preferred stock payable to all stockholders of record on
December 15. The dividend is payable on December 30.(Hint: Dividends are not paid on
treasury stock.)
December 30 Pay the cash dividends declared on December 1. My Answers That are correct: common stock ($120,000) preferred Stock ($550,000) Next is additional paid in capital (but that is the one I cannot find) total paid in capital ($8,515,000) Retained Earnings ($377,500) Treasury Stock (-330,000).
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