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The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014 Common stock, $10 par value S 133,000 S 124,000
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014 Common stock, $10 par value S 133,000 S 124,000 Paid-in capital in excess of par 591,000 354,000 Retained earnings 337,500 311,500 The company's net income for the year ended December 31, 2015, was $60,000. 1. Complete the below table to calculate the cash received from the sale of its common stock during 2015 Common Stock, $10 Par Beg. bal. End. bal. End. bal. Cash received Paid-in Capital in Excess of Par
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