Using the following accounts and balances, prepare the "Stockholders' Equity' section of the balance sheet. 80,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $70 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Stockholders' Equity Paid-in capital: Paid in capital, common stock From Sale of Treasury Stock Total paid in capital $3,920,000 78,000 1,512,000 2,195,000 44,000 Common Stock 120 Par (00.000 Shares Authorized, 16.000 Shares Issued) Excess of Tun Price Over Par V Total Treangy Stock Total stockholders equity Balance Sheet 1920.000 à¤ÒÒ 78.000 X 2195.000 44.000
Using the following accounts and balances, prepare the "Stockholders' Equity' section of the balance sheet. 80,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $70 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Stockholders' Equity Paid-in capital: Paid in capital, common stock From Sale of Treasury Stock Total paid in capital $3,920,000 78,000 1,512,000 2,195,000 44,000 Common Stock 120 Par (00.000 Shares Authorized, 16.000 Shares Issued) Excess of Tun Price Over Par V Total Treangy Stock Total stockholders equity Balance Sheet 1920.000 à¤ÒÒ 78.000 X 2195.000 44.000
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter13: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 17E: Reporting paid-in capital The following accounts and their balances were selected from the...
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