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On December 31, Westworld Inc. has the following equity accounts and balances: Retained Earnings, $46,000; Common Stock, $1,200; Treasury Stock, $2,200; Paid In Capital in
On December 31, Westworld Inc. has the following equity accounts and balances: Retained Earnings, $46,000; Common Stock, $1,200; Treasury Stock, $2,200; Paid In Capital in Excess of Par Value, Common Stock, $39,200; Preferred Stock, $7,200; and Paid-In Capital in Excess of Par Value, Preferred Stock, $3,200. Prepare the stockholders' equity section of Westworld's balance sheet. (Negative amount(s) should be indicated by a minus sign.) WESTWORLD INC. Stockholders' Equity Section of Balance Sheet December 31 Total stockholders' equity $ 0 Common stock Paid-in capital in excess of par value, common stock Paid-in capital in excess of par value, preferred stock Preferred stock Retained earnings Treasury stock
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