Prepare the Stockholders Equity section of the Balance sheet given the following information: Preferred Stock $500,000 Paid
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Prepare the Stockholders Equity section of the Balance sheet given the following information:
Preferred Stock $500,000
Paid in Capital in Excess of Par P/S $10,000
Common Stock $700,000
Paid in Capital in Excess of Par C/S $200,000
Retained Earnings $400,000
Treasury Stock $40,000
Paid in Capital from Sale of Treasury Stock $5,000
Prepare the Stockholders Equity section of the Balance sheet given the following information: Preferred Stock $500,000 Paid in Capital in Excess of Par P/S $10,000 Common Stock $700,000 Paid in Capital in Excess of Par C/S $200,000 Retained Earnings $400,000 Treasury Stock $40,000 Paid in Capital from Sale of Treasury Stock $5,000
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