Large Corporation has capital stock of $7,800. Its Retained Earnings account has a $14,700 balance. Cash has a balance of $9,500. What is the total of stockholders’ equity for Large Corporation?
Answer to relevant QuestionsJournalize the following:Mar. 8 Patriot Co. sells 700 shares of $25 par value common stock at $25.Oct. 21 Jupiter Co. sells 600 shares of $12 par value common stock at $17.Nov. 22 Acer Co. sells 150 shares of no-par common ...April Corporation in its first three years of operation paid out the following dividends:• Year 1: 0• Year 2: $27,000• Year 3: $94,000Given that April has 2,800 shares of $100 par 8% cumulative, nonparticipating ...Thompson Corporation began its business on January 1, 201X. It sold at $28 per share 6,100 shares of no-par common stock with a stated value of $20 per share. The charter of Thompson indicated 35,000 shares were authorized. ...Proko Corporation was just issued a charter by the state of New York. This charter gives Proko the authority to issue 300,000 shares of $6 par value common stock. Consider the following transactions:1. Prepare journal ...From the following, prepare in proper form a statement of retained earnings for Donald Company for the year ended December 31,2012.
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