E11-32-Thuy - E11-32 page 545 1. a.

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Unformatted text preview: E11-32 page 545 1. a. Cash.......................................................4,000 Common Stock ...................................................................2,000 Paid in Capital in Excess of Par, common stock..................2,000 Issued 200 shares of $10 par-value common stock at 20$ per share (Common stock: $10 x 200 =$ 2,000) b. Paid in Capital in Excess of Par, common stock = 125,000 + 2,000 = 127,000 2. a. Cash....................................................20,400 Preferred Stock.................................................................20,000 Paid-in Capital in excess of Par, preferred stock...................400 Issued 200 shares of $100 par-value preferred stock at 102$ per share (Preferred Stock: $100 x 200 = $20,000) b. Paid-in Capital in excess of Par, preferred stock = 1000 + 400 = $1400 3. a. Building...............................................11,000 Common stock....................................................................5,000 Paid in Capital in Excess of Par, common stock.................6,000Paid in Capital in Excess of Par, common stock....
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This note was uploaded on 06/20/2011 for the course ECON 123 taught by Professor Mrews during the Spring '11 term at Korea Advanced Institute of Science and Technology.

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E11-32-Thuy - E11-32 page 545 1. a.

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