Question: whats the answer? and how? Check my work mode : This shows what is correct or incorrect for the work you have completed so far.
Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com 13 eruired information The following www. Part 2 of 2 on applies to the questions displayed below.) Northwest Gas and Electric Company is a giant public utility operating in northern and central California whose annual revenues exceed $17 billion. It reported the following December 31 simplified balances in its statement of stockholders equity (dollars in millions): Common stock Paid-in capital Retained earnings Current Year Prior Year $1.342 $1,339 8,495 8,044 9.606 9.714 During the current year, Northwest Gas and Electric reported net income of $1,648. 2. Assume that the only other transaction that affected stockholders' equity during the current year was a single stock issuance for cash. Recreate the journal entry reflecting the stock issuance (in millions). (If no entry is required for a transaction/event, select " journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Answer is complete but not entirely correct. Credit No Transaction General Journal Debit 19.220 Cash Common stock Additional paid in capital 13,420 16,539
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