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Instructions x Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Refer to the lists of Accounts and Amount
Instructions x Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Two hundred fifty thousand shares of common stock are authorized, and 15,100 shares have been reacquired. Common Stock, $50par $10,650,000 Paid-In Capital from Sale of Treasury Stock 320,000 Paid-In Capital in Excess of Par-Common Stock 3,190,000 Retained Earnings 19,200,000 Treasury Stock 981,500 Accounts and Amount Descriptions (X Accounts and Amount Descriptions Common stock, $50 par (250,000 shares authorized, 182,500 shares issued) Common stock, $50 par (250,000 shares authorized, 213,000 shares issued) Dividends on common stock Excess of issue price over par From sale of treasury stock Issuance of additional common stock Net income Paid-in capital, common stock Purchase of treasury stock Retained earnings Total Total paid-in capital Total stockholders' equity Treasury stock (15,100 shares at cost) Stockholders' Equity Prepare the Stockholders' Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Stockholders' Equity 1 Paid-in capital: 2 3 4 5 6 7 8 9 10
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