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AT The balance sheet of Quartz, Inc., at December 31, 2017, reported 750,000 shares of $2 par common stock authorized with 100,000 shares issued and
AT The balance sheet of Quartz, Inc., at December 31, 2017, reported 750,000 shares of $2 par common stock authorized with 100,000 shares issued and outstanding. Paid-in capital in excess of par common had a balance of $310,000. Retained earnings had a balance of $103,000. During 2018, the company completed the following selected transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 2. Prepare the stockholders' equity section of the balance sheet at December 31, 2018, assuming the company earned $73,000 of net income during the year. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Stockholders' Equity Paid-in capital: Common stock, $2 par, shares issued, Paid-in capital in excess of par-common 750,000 shares authorized, shares outstanding */ Paid-in capital treasury stock Total paid-in capital */ Retained earnings Less: Treasury stock Total stockholders' equity shares at cost Quartz, Inc., at December 31, 2017, reported 750,000 shares of $2 par common stock authorized with 100,000 shares issued and outstanding. Paid-in capital in exces balance of $310,000. Retained earnings had a balance of $103,000. During 2018, the company completed the following selected transactions: view the transactions.) nts. More info - pare the stockho Olders' equity sec Feb 15 Purchased 8,000 shares of treasury stock at $6 per share. Mar 8 Sold 2,000 shares of treasury stock for $14 per share. Sep 28 Declared and distributed a 5% stock dividend on the 94,000 shares of outstanding common stock. The market value of Quartz's common stock was $11 per share. ring the year. (Enter the accou k, $2 par, ares issued, in excess of par- 1- treasury stock S capital tock shares at cost Print Done
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