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This is for my financial accounting class Please Help Ritchey Corporation has the following capital stock outstanding at December 31, 2014: 996 Preferred stock, $100
This is for my financial accounting class
Please Help
Ritchey Corporation has the following capital stock outstanding at December 31, 2014: 996 Preferred stock, $100 par value, cumulative 12,000 shares issued and outstanding $1,200,000 Common stock, no par, $10 stated value, 500,000 shares authorized, 3,000,000 300,000 shares issued and outstanding The preferred stock was issued at $125 per share. The common stock was issued at an average per share price of $14. Prepare the paid-in capital section of the balance sheet at December 31, 2014Step by Step Solution
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