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P11-3A The stockholders equity accounts of Castle Corporation on January 1, 2019, were as follows. Preferred Stock (8%, $50

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Journal

Feb. 1 Cash 120000
Common Stock 25000
Paid-in Capital in Excess of 95000
Apr. 14 Cash 33000
Paid-in Capital 3000
Treasury Stock 30000
Sept. 3 Patents 35000
Common Stock 5000
Paid-in Capital 30000
Nov. 10 Treasury Stock 6000
Cash 6000
Dec. 31 Net Income 4,52,000
Reatined earning 4,52,000

  stockholders’ equity section

Capital Stock
Preferred Stock 400000
Common Stock 10,30,000
Total Capital Stock 14,30,000
Additional Paid-in Capital
Paid-in Capital Preferred Stock 1,00,000
Paid-in Capital Common Stock 1578000
Total Additional Paid-in Capital 16,78,000
Total Paid-in Capital 31,08,000
Retained Earn 22,68,000
Total Paid-in Capital and Retained Earnings 53,76,000
Less: Treasury stock 26000
Total Stockholders' Equity 5,350,000

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