chap 12 -17 instructions

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:

1	Common Stock, no par, $16 stated value	$5,072,000.00
2	Paid-In Capital from Sale of Treasury Stock	44,300.00
3	Paid-In Capital in Excess of Par-Preferred Stock	182,000.00
4	Paid-In Capital in Excess of Stated Value-Common Stock	480,000.00
5	Preferred 2% Stock, $105 par	7,035,000.00
6	Retained Earnings	38,645,000.00

Prepare the Paid-In Capital portion of the Stockholders Equity section of the balance sheet using Method 1 of

Exhibit 9

. There are 375,000 shares of common stock authorized and 85,000 shares of preferred stock authorized. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries. Amount DescriptionsCommon stock dividendsCommon stock, no par, $16 stated value; 375,000 shares authorized, 317,000 shares issuedExcess of issue price over parExcess of issue price over stated valueFrom sale of treasury stockIncrease in retained earningsPaid-in capital, common stockPaid-in capital, preferred stockPreferred stock dividendsPreferred 2% stock, $105 par; 85,000 shares authorized, 67,000 shares issuedTotal contributed capitalTotal paid-in capital

Prepare the Paid-In Capital portion of the Stockholders Equity section of the balance sheet using Method 1 of

Exhibit 9 fill the bottom chart using information on top

. There are 375,000 shares of common stock authorized and 85,000 shares of preferred stock authorized. Refer to the Amount Descriptions list provided for the exact wording of the answer choices for text entries.

Point Loma Group Inc.

Stockholders Equity (Paid-In Capital Section)

October 31, 20XX

1	Paid-in capital:
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