Chapter 13 week 5 E13-21

Chapter 13 week 5 E13-21 - Total paid in capital $ 950,000...

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E13-21 Paid in Capital:   Preferred stock, 8%, $10 par, 100,000 shares  authorized, 20,000 shares issued  $                                      200,000  Common stock, $.05 par, 500,000 shares  authorized, 300,00 shares issued  $                                      150,000  Paid-in capital in excess of par-common  $                                      600,000 
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Unformatted text preview: Total paid in capital $ 950,000 Retained Earnings $ 150,000 Total stockholders' equity $ 1,100,000 Cummulative 2007 = 0 Preferred & 0 Common 2008 = Preferred - $22,000 & Common $28,000...
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