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Common Products has just made its first issue of stock. It raised $1.5 million by...

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Accounting

Common Products has just made its first issue of stock. It raised $1.5 million by selling 300,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $1. Complete the following table:
Note: Enter your answers in dollars, not in millions.
6
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\table[[Common shares (par value),],[Additional paid-in capital,],[Retained earnings,],[Net common equity,$
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