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 retained earnings       6,470,000   transactions during 2019 and other information related to the shareholders equity accounts were as follows:

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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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

retained earnings       6,470,000

 

transactions during 2019 and other information related to the shareholders equity accounts were as follows:

 

 

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