February 3 - 600,000 shares issued $600,000 (590,000 shares...

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February 3, 2011 APIC = Additional Paid in Stock (C for Common) 100,00 shares $1 par, @ $5 Cash 500,000 Common Stock 100,000 A PIC – common 400,000 100,000 shares no par Cash 500,000 Common stock 500,000 1000 shares common $10 par @ $20 $20,000 1000 shares preferred $10 par @ $12 $12,000_____ $32,000 1000 common 20/32 $18,750 1000 preferred 12/32 $11,250_____ $30,000 Cash 30,000 Common stock 10,000 10,000 APIC -Common 8,750 10,000 Preferred 10,000 10,000 APIC -Common 1,250 - 0 - 100,000 shares $10 par Non-cash Patent 125,000 Common Stock 100,000 Preferred 25,000
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Treasury Stock Authorized, issued but it is not outstanding (bought back). Common stock $1 par 1,000,000 shares authorized
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Unformatted text preview: 600,000 shares issued $600,000 (590,000 shares outstanding) APIC Common Stock $700,000 APIC T Stock $ 20,000__ $1,320,000 Retained earnings 2,000,000_ $3 320,000 Treasury Stock at cost (40,000)__ (10,000 shares) $3,280,000 P. 765 Do the examples. Pls note the following things: Preferred stock is always listed first. 3 million dollars in the capital account are shares that are issued. Same is true of the common stock. 4 million dollars are shared, not outstanding but still issued. APIC preferred is listed before common....
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February 3 - 600,000 shares issued $600,000 (590,000 shares...

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