Solved: Equity accounts for kerch manufacturing, Accounting Basics

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Equity accounts for kerch manufacturing

Task:

Following are the equity accounts for Kerch Manufacturing (this should be completed in Excel).

Common stock, $2 par   $135,430
Capital surplus                  203,145
Retained earnings   2,370,025
Total                    $2,708,600

How many shares are outstanding?

At what average price were the shares sold?

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Accounting Basics: Equity accounts for kerch manufacturing

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