Notebook Company had the following transactions in 2019, its first year of operations. · Issued 2,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $50.00 per share....


   Notebook Company had the following transactions in 2019, its first year of operations.


·     Issued 2,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $50.00 per share.


·     Issued 100 shares of $100 par value preferred stock. Shares were issued at par.


·     Earned net income of $95,000.


·     Paid dividends of $5,000.


At the end of 2019, prepare the stockholders' Equity section.



Jun 03, 2022
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