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ead the reguirements. KWCP-TV, Inc. More Info Balance Sheet (Partial) September 30, 2024 Stockholders' Equity Sep. 6 Issued 300 shares of common stock to the promoters who organized the corporation, receiving cash of $9,000. Paid-In Capital: Sep. 12 Issued 650 shares of preferred stock for cash of $20,000. Preferred Stock-$5, No-Par Value; 100,000 shares authorized, Sep. 14 Issued 1,900 shares of common stock in exchange for land with a market value of $19,000. 650 shares issued and outstanding $ 20,000 Common Stock-$1 Par Value; 500,000 shares authorized, Assume KWCP- TV, Inc. had net income of $33,000 for the month. 1,900 shares issued and outstanding 1,900 Paid-In Capital in Excess of Par-Common Print Done Total Paid-In Capital Retained Earnings Total Stockholders' Equity

ead the reguirements. KWCP-TV, Inc. More Info Balance Sheet (Partial) September 30, 2024 Stockholders' Equity Sep. 6 Issued 300 shares of common stock to the promoters who organized the corporation, receiving cash of $9,000. Paid-In Capital: Sep. 12 Issued 650 shares of preferred stock for cash of $20,000. Preferred Stock-$5, No-Par Value; 100,000 shares authorized, Sep. 14 Issued 1,900 shares of common stock in exchange for land with a market value of $19,000. 650 shares issued and outstanding $ 20,000 Common Stock-$1 Par Value; 500,000 shares authorized, Assume KWCP- TV, Inc. had net income of $33,000 for the month. 1,900 shares issued and outstanding 1,900 Paid-In Capital in Excess of Par-Common Print Done Total Paid-In Capital Retained Earnings Total Stockholders' Equity

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Read the requirements. KWCP-TV, Inc. - X More Info Balance Sheet (Partial) September 30, 2024 Sep. 6 Issued 300 shares of common stock to the promoters who organized the corporation, receiving cash of $9,000. Stockholders' Equity Paid-In Capital: Sep. 12 Issued 650 shares of preferred stock for cash of $20,000. Preferred Stock–$5, No-Par Value; 100,000 shares authorized, Sep. 14 Issued 1,900 shares of common stock in exchange for land with a market value of $19,000. 650 shares issued and outstanding $ 20,000 Common Stock–$1 Par Value; 500,000 shares authorized, Assume KWCP - TV, Inc. had net income of $33,000 for the month. 1,900 shares issued and outstanding 1,900 Paid-In Capital in Excess of Par-Common Print Done Total Paid-In Capital Retained Earnings Total Stockholders' Equity
Transcribed Image Text:Read the requirements. KWCP-TV, Inc. - X More Info Balance Sheet (Partial) September 30, 2024 Sep. 6 Issued 300 shares of common stock to the promoters who organized the corporation, receiving cash of $9,000. Stockholders' Equity Paid-In Capital: Sep. 12 Issued 650 shares of preferred stock for cash of $20,000. Preferred Stock–$5, No-Par Value; 100,000 shares authorized, Sep. 14 Issued 1,900 shares of common stock in exchange for land with a market value of $19,000. 650 shares issued and outstanding $ 20,000 Common Stock–$1 Par Value; 500,000 shares authorized, Assume KWCP - TV, Inc. had net income of $33,000 for the month. 1,900 shares issued and outstanding 1,900 Paid-In Capital in Excess of Par-Common Print Done Total Paid-In Capital Retained Earnings Total Stockholders' Equity
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