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Shares of lawrence company stock are currently selling on

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Reference no: EM13571806

The stockholders' equity accounts of Lawrence Company have the following balances on December 31, 2012.


 Common stock, $10 par, 264,000 shares issued and outstanding

$2,640,000

Paid-in capital in excess of par 1,200,000

Retained earnings 5,600,000

Shares of Lawrence Company stock are currently selling on the Midwest Stock Exchange at $38.Prepare the appropriate journal entries for each of the following.

Reference no: EM13571806

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