Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions Specialty Auto Racing Inc retails racing products for BMW, Porsches, and Ferrans. The following accounts and their balances appear in the ledger of Specialty Auto Racing on July 31, the end of the current year 1 Common Stock 532 par 58.880,000.00 1 Paid-In Capital from Sale of Treasury Stode-Common 348.000,00 2.497.500,00 489.000.00 Paid-in Capital in Excess of Par-Common Stock Paid-In Capital in Excess of Par Preferred Stock Preferred 1% Stock. 5150 pat Retained Esmings 1: Treasury Stock-Common 7.335,000.00 72.425,500.00 1044,900.00 Fifty thousand shares of referred and 300,000 shares of common stock are authorized There are 24 300 shares of common stock held as trentock Previous Next Check My Work 3 more Check My Work uses remaining Email Instructor Save and Ex Submit Assignment for Grading Arrived Accounts and Amount Descriptions Stockholders' Equity Instructions Stockholders' Equity Specialty Auto Racing Inc Stockholders' Equity July 31, 20XX 1 Paid-in capital: 2 3 6 6 Fifty thousand shares of preferred and 300,000 shares of common stock are authorized There are 24 300 shares of common stock held as freasury stock Next Previous more Check My Work uses remaining Anment for Gradin Accounts and Amount Descriptions Stockholders' Equity Instructions Stockholders' Equity 5 6 7 10 1 11 12 13 Fifty thousand shares of preferred and 300,000 shares of common stock are authorised There are 24 300 shares of common stock held as auto Next Previous