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ACCT 221 - Homework 1 Quiz. Questions and Answers.
Exam (elaborations) • 12
pages
• 2021
ACCT 221 - Homework 1 Quiz. Questions and Answers.



Question 1 3 / 6 points

The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017

Alpha issued an additional 4,500 shares of common stock. The Common Stock is $5 par. There was

neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $10,000

on January 1 and $15,000 on June 2 and net income was $124,700. Use this information to determine

for December 31, 2017 the ...
ACCT 221 - Homework 1 Quiz. Questions and Answers.
Last document update:
ago
ACCT 221 - Homework 1 Quiz. Questions and Answers.



Question 1 3 / 6 points

The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017

Alpha issued an additional 4,500 shares of common stock. The Common Stock is $5 par. There was

neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $10,000

on January 1 and $15,000 on June 2 and net income was $124,700. Use this information to determine

for December 31, 2017 the ...