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Exercise 13-11 The following stockholders equity accounts, arranged alphabetically, are in the ledger of Bridgeport Corporation at December 31, 2020. Common Stock ($6 stated value)
Exercise 13-11
The following stockholders equity accounts, arranged alphabetically, are in the ledger of Bridgeport Corporation at December 31, 2020.
Common Stock ($6 stated value) | $2,052,000 | |
Paid-in Capital in Excess of ParPreferred Stock | 278,000 | |
Paid-in Capital in Excess of Stated ValueCommon Stock | 932,000 | |
Preferred Stock (8%, $103 par) | 515,000 | |
Retained Earnings | 1,200,000 | |
Treasury Stock (10,000 common shares) | 120,000 |
Prepare the stockholders equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.)
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