Illustrate what is total paid-in capital at the end

Assignment Help Financial Accounting

Reference no: EM13131251

Doe Corp. was organized on Jan. 3 2011. The firm was authorized to issue 85000 shares of $5 par common stock. During 2011, Doe had the following transactions relating to shareholders equity:

Issued 27,000 shares of common stock at $6.10 per share.

Issued 24,000 shares of common stock at $9.30 per share.

Reported a net income of $106,000 and paid dividends of $60,000.

What is total paid-in capital at the end of 2011?

Reference no: EM13131251

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