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The shareholders' equity of Bodie Company on January 1, 2017, included the following: Common stock, $0.8 par; authorized, 800,000 shares; You will need to calculate
The shareholders' equity of Bodie Company on January 1, 2017, included the following:
Common stock, $0.8 par; authorized, 800,000 shares; You will need to calculate the issued shared | $114,130 |
Paid-in capitalexcess of par | 90,962 |
Retained earnings | $500,000 |
Treasury shares, cost $7 per share | 39,896 |
On April 1, 2017, the board of directors of Bodie declared a $1.2 cash dividend to be distributed on June 1.
On April 1, the debit to Retained Earnings is $________
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