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11. What is the amount of total paid - in capital and total retained earnings? Prefered stock - $ 270,000 Paid in capital excess of

11. What is the amount of total paid - in capital and total retained earnings?

Prefered stock - $ 270,000

Paid in capital excess of par - preferred - $ 32,000

Common stock - $242,000

Paid in capital excess of par - common - $80,000

retained earnings - $183,000

12. A corporation originally issued $5 par common stock for $10 per share. What is the journal entry to record the purchase of 200 shares of their own stock for $8 per share?

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