Question
13-06 Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8.
13-06
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 30,000 shares of common stock authorized, and 1,000 shares have been reacquired.
Common Stock, $30 par | $720,000 | |
Paid-In Capital from Sale of Treasury Stock | 29,000 | |
Paid-In Capital in Excess of ParCommon Stock | 168,000 | |
Retained Earnings | 396,000 | |
Treasury Stock | 15,000 |
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Stockholders' Equity | ||
Paid-In Capital: |
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| $ |
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| $ |
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Total Paid-in Capital |
| $ |
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Total |
| $ |
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Total Stockholders' Equity |
| $ |
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