Beta Co. Sold 10,000 shares of

timer Asked: Nov 5th, 2015

Question description

Beta Co. Sold 10,000 shares of common stock, which has a par value of $25, for $27 per share. The Company also sold $1,000 shares of $100 par value preferred stock for $110. Assume the balance in retained earnings is $100,000. Prepare the Stockholders equity section of Beta's balance sheet.

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