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Problem Solving Survival Guide to accompany Financial Accounting, 8th Edition by Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt

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SOLUTION TO EXERCISE 11-5

AL GORE CORPORATION Partial Balance Sheet December 31, 2014

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Approach and Explanation: Reconstruct the journal entries for the transactions and post those entries to T-accounts. Use the resulting balances in the accounts to prepare the stockholders' equity section of the balance sheet at December 31, 2014.

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Number of common stock shares issued and outstanding:

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