FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Oakwood Inc. Is a public enterprise who shares are traded in the over-the-counter market. At December 31, 2018, Oakwood had 6,000,000 authorized shares of $10 par value common stock, of which 2,000,000 shares were issued and outstanding. The shareholders equity accounts at December 31, 2018 had the following balances
common stock $20,000
additional paid in capital on common stock 7,500,000
transactions during 2019 and other information related to the shareholders equity accounts were as follows:
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