Prepare the stockholders' equity section of Osa Steel Company as of December 31, 2018 including disclosure of all relevant information.

Solution Journal entries: Debit Credit Date eneral Journal Feb S630,000 ash(45000X14) Common stock(45000x3) $135,000 Paid in capital in excess of par-Common 95,000 stock (45000xll) Aug 1 Treasury Stock(5000x20) S100,000 S100,000 Cash S45.000 Sep 1 Cash(1500x30) S30,000 Treasury Stock(1500x200 Paid in capital from Treasur $15,000 ry(1500x10) Oct Cash(700x27) S$18,900 Treasu Stock (700x200 $14,000 $4,900 S13,500 Nov 1 Cash Paid in capital from Treasury 8000-13500) S4,500 $18,000 Treasury Stock(900x20) ov S9,600 Paid in capital from Treasury(12000-9600) 512000 Treasury Stock(600x20) s ommon stock(1300x3) S3,900 Paid in capital in excess of par- $14,300 Common (1300x11) Paid in capital from Treasury(1300x6) 7,800 520,000 Treasury Stock(1300x20)