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Old 12-05-2009, 03:22 PM   #1 (permalink)
 
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Default Accounting for Stocks/preffered&common

I have all these questions and I only know the accounts, and not what the amounts are supposed to be!
please help...

EX)
On March 18, Weber issued 160 shares of preferred stock at $180 per share.

Cash--> increase $28800
Preferred Stock--> ????
Additional paid in capital---> ????

How do i figure out these amounts? Please help!
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