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Book Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight
Book Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $5 stated value Paid-In Capital from Sale of Treasury Stock- Paid-In Capital in Excess of Par-Preferred Stock Paid-In Capital in Excess of Stated Value-Common Stock Preferred 2% Stock, $100 par Retained Earnings $200,000 156,900 67,200 480,000 560,000 1,933,000 Prepare the Paid-In Capital portion of the "Stuckholders' Equity" section of the balance sheet using Method 1 of Exhibit 9. There are 130,000 shares of common steck authorized and 15,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20xx Stockheider's Equity Paid-in Capital Total Paid-In Capital 00 00
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