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2. Curtis Corporation’s balance sheet included the following: Common Stock, $5 par value, 5,000 shares issued and outstanding $25,000 Retained Earnings 20,000

2. Curtis Corporation’s balance sheet included the following: Common Stock, $5 par value, 5,000 shares issued and outstanding $25,000 Retained Earnings 20,000
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2. Curtis Corporation’s balance sheet included the following: Common Stock, $5 par value, 5,000 shares issued and outstanding $25,000 Retained Earnings 20,000

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User Alex Balashov
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The answers are Bank account (Dr) $3,000 Share premium account (Cr) $500 Share Capital account (Cr) $2,500 (500 shares*$6 = $3,000.
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User Piotr
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