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Instructions The followng accounts and the balances were selected trom the unadjusted trial balance of Point Loma Group Inc, a freight Forwarder, at October 31,
Instructions The followng accounts and the balances were selected trom the unadjusted trial balance of Point Loma Group Inc, a freight Forwarder, at October 31, the end of the current fiscal year 55.072.000.00 44,500.00 182.000.00 1 Common Stock no pat $16 stated value Paid-in Capital from Sale of Treasury Stock Paid in Capital in Excess of Par-Preferred Stock Paid in Capital in Excess of Stated Value Cortimon Stock Preferred 2% Stock 5105 pat Retained Earnings 480,000.00 You did 38.645.000.00 Prepare the Paid-in Capital portion of the stockholdersleguity section of the balance sheet using Method of Exhibit. There are 375,000 shares of common stock authonzed and 85,000 shares of referred stock authorized. Refer to the Amount Description is provided for the exact wording of the answer choices for text entries
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