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On October 10, the stockholders equity of Sherman Systems appears as follows. Common stock$10 par value, 75,000 shares authorized, issued, and outstanding $ 750,000 Paid-in
On October 10, the stockholders equity of Sherman Systems appears as follows.
Common stock$10 par value, 75,000 shares authorized, issued, and outstanding | $ | 750,000 | |
Paid-in capital in excess of par value, common stock | 231,000 | ||
Retained earnings | 888,000 | ||
Total stockholders equity | $ | 1,869,000 | |
Prepare the stockholders' equity section after the October 11 treasury stock purchase.
Revised Equity Section of Balance Sheet After October 11 Total contributed capital Total Total stockholders' equityStep by Step Solution
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