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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

Stockholders' Equity

Paid-In Capital:

$

$

Total Paid-in Capital

$

Total

$

Total Stockholders' Equity

$

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