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eBook Reporting Paid in Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight
eBook Reporting Paid in Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year Common Stock, no par, 514 stated value $980,000 Paid-In Capital from Sale of Treasury Stock 506,300 Pald-in Capital in excess of Par---Preferred Stock 95,040 Paid-In Capital in excess of Stated Value-Common Stock 2,352,000 Preferred 2% Stock, 5120 par 792,000 Retained Earnings 6,237,000 Prepare the Pald-in Capital portion of the Stockholders Equity section of the balance sheet using Method 1 of Exhibit B. There are 220,000 shares of common stock authorized and 18,000 shares of preferred stock authorized Block Ayala Group Inc. Stockholders' Equity October 31 799.000 Paid-In Capital: Preferred 2% Stock, 5120 Par (18,000 Shares Authorized, 6,600 Shares Issund) Excess Over Par Pald-In Capital, Preferred Stock Common Stock, No Par $14 Stated Value 220.000 Shares Authorized 70.000 Shares Issued) Excess Over Stated Value Pald-In Capital. Common Stock 900.000 Preferred 2% Stock, $120 pat 792.000 retained Eaming 6,237,000 Prepare the paid in Capital portion of the stockholders' Fouity section of the balance sheet using Method of it. There are 220,000 shares of common stock authorized and 10,000 shares of preferred stock authorized Block Ayala Group Inc Stockholders' Equity October 31 Paldin Capital: Preferred 2%Stock, 3136 Par (14,000 shares Authorized 6,600 Shares Estad) 202.000 Excess Over Par Pald-in Capital, Preferred Stock Common stock, No Par, $14 Stated Value (220,000 Shares Authorized 70,000 Shares issued 900.000 Exch65 Over Stated Value Paid In Capital, Common Stock From Sale of Treasury Stock Total Pald-In Capital O
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