The following selected information is from Princeton Company's comparative balance sheets At December 31 Common stock, $10 par value Paid in capital in excess of par 607,000 362,000 Retained earnings 2017 2016 $144,000 $140,000 353, 500 327,500 The company's net income for the year ended December 31, 2017, was $68,000 1 Complete the T accounts to calculate the cash received from the sale of its common stock during 2017 Answer is complete but not entirely correct Common Stock, $10 Par Beg bal 140,000 4,000Net income End bal 144,000 Paid in Capital in Excess of Par Beg bal 362,000 24,5003Net income 607,000 993,500 End bal Cash received $249,000 1 Complete the T accounts to calculate the cash received from the sale of its common stock during 2017 Answer is complete but not entirely correct Common Stock, $10 Par Beg bal 140,000 4,000Net income End bal 144,000 Paid in Capital in Excess of Par Beg bal 362,000 24,500XNet income 607,000 993,500 End bal Cash received $ 249,000 2 Complete the T account to calculate the cash paid for dividends during 2017 Answer is not complete Retained Earnings Beg bal End bal

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The following selected information is from Princeton Company's comparative balance sheets At December 31 Common stock, $10 par value Paid in capital in excess of par 607,000 362,000 Retained earnings 2017 2016 $144,000 $140,000 353, 500 327,500 The company's net income for the year ended December 31, 2017, was $68,000 1  Complete the T accounts to calculate the cash received from the sale of its common stock during 2017 Answer is complete but not entirely correct  Common Stock, $10 Par Beg  bal 140,000 4,000Net income End  bal 144,000 Paid in Capital in Excess of Par Beg  bal 362,000 24,5003Net income 607,000 993,500 End  bal Cash received $249,000 1  Complete the T accounts to calculate the cash received from the sale of its common stock during 2017  Answer is complete but not entirely correct  Common Stock, $10 Par Beg  bal 140,000 4,000Net income End  bal 144,000 Paid in Capital in Excess of Par Beg  bal 362,000 24,500XNet income 607,000 993,500 End  bal Cash received $ 249,000 2  Complete the T account to calculate the cash paid for dividends during 2017 Answer is not complete Retained Earnings Beg  bal End  bal

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The following selected information is from Princeton Company's comparative balance sheets At December 31 Common stock, $10 par value Paid-in capital in excess of par

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