Captain Sporting Goods is authorized to issue 14,000 shares of common stock. During a two month period, Captain completed these stock-issuance transactions:

Aug 23 Issued 2,000 shares of $3.00 par common stock for cash of $17.50 per share

Sept 12 Received inventory with a market value of $11,000 and equipment with market value of $46,000 for 3,800 shares of the $3.00 par common stock

Prepare the stockholders equity section of Captain Sporting Goods' balance sheet for the transactions given in this exercise. Retained earnings has a balance of $45,000 (Enter the accounts in the proper order for the stockholders equity section of the balance sheet

Credit Debit Accounts 11,000 12 inventory 46,000 Equipment 11,400 Common Stock 45,600 Paid-in Capital in Excess of Par Common Requirement 2. Prepare the stockholders' equity section of Captain Sporting Goods' balance sheet for stockholders' equity section of the balance sheet.) Balance Sheet (Partial) Stockholders' Equity shares par. Total stockholders' equity