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what formulas were being used? I'm having difficulty answering the remaining 5. 2018 Apr 6 Issued 400 shares of common stock to the promoters who
what formulas were being used? I'm having difficulty answering the remaining 5.
2018 Apr 6 Issued 400 shares of common stock to the promoters who organized the corporation, receiving cash of $13,600. 12 Issued 600 shares of preferred stock for cash of $22,000. 14 Issued 1,600 shares of common stock in exchange for land with a market value of $19,000. Requirement 2. Prepare the stockholders' equity section of Zoom's balance sheet at December 31, 2018. Assume the company earned net income of $32,000 during this period. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid-in capital: Preferred stock, $6, no-par, 900000 shares authorized, Common stock, $1 par, shares issued and outstanding 22000 1400000|shares authorized, 2000||shares issued and outstanding Paid-in capital in excess of par-common Total paid-in capital Retained earnings Total stockholders' equityStep by Step Solution
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