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eBook Show Me How Question Content Area Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet.

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Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 100,000 shares of common stock authorized, and 10,000 shares have been reacquired.

Common Stock, $80 par $5,600,000
Paid-In Capital from Sale of Treasury Stock 224,000
Paid-In Capital in Excess of ParCommon Stock 1,960,000
Retained Earnings 3,080,000
Treasury Stock 123,000

blank blank Balance Sheet
Stockholders' Equity
Paid-in capital: blank blank

CashCommon Stock, $80 Par (100,000 Shares Authorized, 70,000 Shares Issued)Retained EarningsTreasury StockCash

$Cash

CashExcess of Issue Price Over ParRetained EarningsTreasury StockCash

Cash
Paid-in capital, common stock $fill in the blank 5

CashFrom Sale of Treasury StockRetained EarningsTreasury StockCash

Cash
Total paid-in capital $fill in the blank 8

Common Stock, $80 ParExcess of Issue Price Over ParRetained EarningsTreasury StockCommon Stock, $80 Par

Common Stock, $80 Par
Total $fill in the blank 11

Common Stock, $80 ParExcess of Issue Price Over ParRetained EarningsTreasury StockCommon Stock, $80 Par

Common Stock, $80 Par
Total stockholders' equity $fill in the blank 14

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