On December 31, 2014, Rayco Inc. had the following balances :

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On December 31, 2014, Rayco Inc. had the following balances (all balances are normal):
  • On December 31, 2014, Rayco Inc. had the following balances (all balances are normal):

  • Answers • 17 pages • 2020
  • Question 1 (30 points) On December 31, 2014, Rayco Inc. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of par, Common 150,000 Retained Earnings 700,000 The following events occurred during 2014 and were n...
    (0)
  • $7.49
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