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05-06-2023
Business

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On 1. January 2019 RMG, Inc had 200000 shares of $ 10 par value common stock outstanding, Retained Earnings of $ 2150000 and additional paid-in-capital of $ 800000. During the year 2019 following equity transactions happened: ) Prepare journal entries to record all transactions. How many shares of common stock are outstanding on 31. December 2019 and what is the par value? (4 points)

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