Question: Stockholder's Equity 5,000 been issue Common stock, $5 par value APIC-common Total paid in capital Retained earnings Total Stockholder's Equity 175,000 25,000 200,000 800,000 $1,000,000
Stockholder's Equity 5,000 been issue Common stock, $5 par value APIC-common Total paid in capital Retained earnings Total Stockholder's Equity 175,000 25,000 200,000 800,000 $1,000,000 Reguired 1. Set up "T" accounts for: Common stock, APIC-common, and Retained Earnings 2. Prepare journal entries for each assumption below and post the entries 3. Calculate account balances for each of the assumptions below
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