Business, 28.02.2021 16:10 hananh19

Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 2018, Clothing Emporium had the following transactions relating to shareholders' equity: Issued 30,000 shares of common stock at $7 per share. Issued 20,000 additional shares of common stock at $8 per share. Issued 300 shares of preferred stock PV-5 at $15 per share Reported a net income of $100,000. Paid dividends of $50,000. Given the above answer the following questions 1. What is the total in the common stock account at 12/31/18
2. What is the ending balance in retained earnings at 12/31/18
3. What is additional paid in capital at 12/31/18
4. What is the total in the preferred stock account at 12/31/18
5. What is total stockholder's equity at 12/31/18?

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Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue 100,000 shares...

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