Business
Business, 20.12.2019 23:31, davia97

Clothing emporium was organized on january 1, 2021. the firm was authorized to issue 100,000 shares of $5 par value common stock. during 2021, clothing emporium had the following transactions relating to stockholders’ equity: issued 30,000 shares of common stock at $7 per share. issued 20,000 shares of common stock at $8 per share. reported a net income of $100,000. paid dividends of $50,000. what is the total amount recorded in the common stock account at the end of 2021?

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Clothing emporium was organized on january 1, 2021. the firm was authorized to issue 100,000 shares...

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