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On December 31, Westworld Incorporated has the following equity accounts and balances. Preferred Stock $ 8,000 Retained Earnings $ 50,000 Common Stock 2,000 Paid-In Capital
On December 31, Westworld Incorporated has the following equity accounts and balances.
Preferred Stock | $ 8,000 | Retained Earnings | $ 50,000 |
Common Stock | 2,000 | Paid-In Capital in Excess of Par Value, Common Stock | 40,000 |
Treasury Stock | 3,000 | Paid-In Capital in Excess of Par Value, Preferred Stock | 4,000 |
Prepare the stockholders equity section of Westworlds balance sheet. (Amounts to be deducted should be indicated by a minus sign.)
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