What is the total shareholder equity vaughan company

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During Company's first year in business the following shareholder equity transactions took place:

  1. On March 1, Vaughan Company issued 50,000 shares of $2 par value common stock for $5/share
  2. On April 1, Vaughan Company issued 5,000 shares of $20 par value preferred stock for $30 a share.
  3. On November 1, Vaughan Company purchased 2,000 of their own shares off the open market for $9 per share
  4. Vaughan had $80,000 on net income for the year.

Question 1: What is the Total Shareholder Equity Vaughan Company will show on its balance sheet at the end of their first year? solove step by step

Reference no: EM132498077

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