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Brief Exercise 11-11 Sunland Company has the following accounts at December 31: Common Stock, $9 par, 4,550 shares issued, $40,950; Paid-in Capital in Excess of
Brief Exercise 11-11 Sunland Company has the following accounts at December 31: Common Stock, $9 par, 4,550 shares issued, $40,950; Paid-in Capital in Excess of Par-Common Stock $32,200; Retained Earnings $48,500; and Treasury Stock, 500 shares, $10,500. Prepare the stockholders' equity section of the balance sheet. (Enter the account name only and do not provide the descriptive information provided in the question.) Sunland Company Balance Sheet (Partial) $ $
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