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On December 31, Westworld Inc. has the following equity accounts and balances: Retained Earnings, $54,000; Common Stock, $2,800; Treasury Stock, $3,800; Paid-In Capital in Excess
On December 31, Westworld Inc. has the following equity accounts and balances: Retained Earnings, $54,000; Common Stock, $2,800; Treasury Stock, $3,800; Paid-In Capital in Excess of Par Value, Common Stock, $40,800; Preferred Stock, $8,800; and Paid-In Capital in Excess of Par Value, Preferred Stock, $4,800. Prepare the stockholders' equity section of Westworld's balance sheet. (Amounts to be deducted should be indicated by a minus sign.) WESTWORLD INC. Stockholders' Equity Section of Balance Sheet December 31 Common stock Paid-in capital in excess of par value, common stock Paid-in capital in excess of par value, preferred stock Preferred stock
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