Warren Corporation was organized on January 1, 2014, with an authorization of 500,000 shares of common stock ($5 par value per share). During 2014, the company had the following capital transactions:January 5 Issued 100,000 shares at $5 per shareApril 6 Issued 50,000 shares at $7 per shareJune 8 Issued 15,000 shares at $10 per shareJuly 28 Purchased 25,000 shares at $4 per shareDecember 31 Sold 25,000 shares held in treasury at $8 per shareRequired:What should be the balance in the Additional paid-in capital account at December 31, 2014?View Solution:
Warren Corporation was organized on January 1 2014 with an



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