On January 1, 2013, the records of the Camrole Corporation showed these balances:
Common stock--authorized 78,000 shares at $100 par;
issued 30,800 shares ................................ $3,080,000
Paid-In capital in excess of par ...................... 264,800
Retained earnings ..................................... 2,960,000

Question

On January 1, 2013, the records of the Camrole Corporation showed these balances:
 Common stock--authorized 78,000 shares at $100 par;
issued 30,800 shares ................................	$3,080,000
Paid-In capital in excess of par ......................	264,800
Retained earnings .....................................	2,960,000

Quizplus · Accepted Answer

The Answer of On January 1, 2013, the records of the Camrole Corporation showed these balances:
 Common stock--authorized 78,000 shares at $100 par;
issued 30,800 shares ................................	$3,080,000
Paid-In capital in excess of par ......................	264,800
Retained earnings .....................................	2,960,000

On January 1, 2013, the Records of the Camrole Corporation