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6. The following accounts and their balances appear in the ledger on December 31 of the current year: ? Common Stock, $20 par $400,000 Paid-In

6. The following accounts and their balances appear in the ledger on December 31 of the current year:

?

Common Stock, $20 par

$400,000

Paid-In Capital in Excess of Par

44,000

Retained Earnings

265,000

Treasury Stock

20,000

?

Prepare the Stockholders' Equity section of the balance sheet as of December 31. Twenty five thousand shares of common stock are authorized, and 1,000 shares have been reacquired.

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