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N Required information The following information applies to the questions displayed below The stockholders equity of TVX Comp

Required information Lowowing information s to e stions displayed ! N The stockholdersguity TVX Company at the beginning of

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Answer #1
Date Account Debit Credit
Feb 5 Retained earnings (69,000*14%*34) 328,440
Common stock dividend distributable 193,200
Paid in capital in excess of par, common stock 135,240
Feb 28 Common stock dividend distributable 193,200
Common stock, $20 par 193,200
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