Solved: On january 1 2013 the firms balance sheet showed common, Accounting Basics

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On january 1 2013 the firms balance sheet showed common

Problem

On January 1, 2013, the firm's balance sheet showed common stock of $210,000 and additional paid-in capital on common stock of $468,750. The only transaction affecting these accounts during 2013 was the sale of common stock. Calculate the number of shares that were sold and the selling price per share.

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Accounting Basics: On january 1 2013 the firms balance sheet showed common

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