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Martinez corporation has issued 94,000 shares of $4 par value common stock. Martinez Corp. has issued 94,000 shares of $4 par value common stock. It
Martinez corporation has issued 94,000 shares of $4 par value common stock.
Martinez Corp. has issued 94,000 shares of $4 par value common stock. It was authorized 500,000 shares. The paid-in capital in excess of par value on the common stock is $259,000. The corporation has reacquired 6,200 shares at a cost of $48.000 and is currently holding those shares. It also had accumulated other comprehensive income of $62,500. The corporation also has 1,400 shares issued and outstanding of 9%, $101 par value preferred stock. It was authorized 9,100 shares The paid-in capital in excess of par value on the preferred stock is $22.700. Retained earnings is $379,000 Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) MARTINEZ CORP. Balance Sheet (Partial) Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 193800 'S Common Stock 375200 Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Common Stock 271800 Pald-in Capital in Excess of Par Value-Preferred Stock 30100 Total Additional Paid-in Capital Total Pald-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Accumulated Other Comprehensive Income Less Treasury Stock Total Stockholders' Equity Martinez Corp. has issued 94,000 shares of $4 par value common stock. It was authorized 500,000 shares. The paid-in capital in excess of par value on the common stock is $259,000. The corporation has reacquired 6,200 shares at a cost of $48,000 and is currently holding those shares. It also had accumulated other comprehensive income of $62,500. The corporation also has 1.400 shares issued and outstanding of 9%, $101 par value preferred stock. It was authorized 9,100 shares. The paid-in capital in excess of par value on the preferred stock is $22.700. Retained earnings is $379,000 Prepare the stockholders' equity section of the balance sheet (Enter account name only and do not provide descriptive Information.) MARTINEZ CORP Balance Sheet (Partial) s'Equity sital ck Stock 193800 Stock 375200 Ital Stock 569000 Paid-in Capital 271800 spital in Excess of Par Value-Common Stock spital in Excess of Par Value-Preferred Stock 30100 itional Paid-in Capital 301900 in Capital 870900 nings 368400 in Capital and Retained Earnings 1239300 id Other Comprehensive Income 62500 Treasury Stock 47440 kholders' Equity 1191860 Step by Step Solution
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