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Oxygen co is incorporated at the beginning of this year and

Question: Oxygen Co. is incorporated at the beginning of this year and engages in a number of transactions. The following journal entries impacted its stockholders' equity during its first year of operations.

Required: 1. Explain the transaction(s) underlying each journal entry (a) through (d).

2. How many shares of common stock are outstanding at year-end?

3. What is the amount of minimum legal capital (based on par value) at year-end?

4. What is the total paid-in capital at year-end?

5. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $347,500?

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Accounting Basics: Oxygen co is incorporated at the beginning of this year and

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Accounting Basics: Oxygen co is incorporated at the beginning of this year and

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