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Flint Corporation has these accounts at December 31: Common Stock, $10 par, 6,400 shares issued, $64,000; Paid-in Capital in Excess of Par Value $19,900; Retained
Flint Corporation has these accounts at December 31: Common Stock, $10 par, 6,400 shares issued, $64,000; Paid-in Capital in Excess of Par Value $19,900; Retained Earnings $44,900; and Treasury Stock, 590 shares, $12,980 Prepare the stockholders' equity section of the balance sheet. Flint Corporation Balance Sheet (Partal) December 31 Stockholders' Equity Paid-in Capital Capital Stock Paid-in Capital in Excess of Par Value-Common St 64,000 Total Paid-in Capital Paid-in Capital in Excess of Par Value-Common St 19,900 Retained Earnings 44,900 Less Treasury Stock 12,980 Total Stockholders' Equity
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