FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The following accounts appear in the ledger of Akram Inc. after the books are closed at December 31, 2018.
Common Stock, RS1 par value, 500,000 shares authorized, 400,000 shares
issued RS 400,000
Common Stock Dividends Distributable 60,000
Paid-in Capital in Excess of Par—Common Stock 650,000
issued 200,000
Paid-in Capital in Excess of Par—Preferred Stock 310,000
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