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Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at

Reporting Paid-In Capital

The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc., a freight forwarder, at October 31, the end of the current fiscal year:

Common Stock, no par, $22 stated value $5,500,000
Paid-In Capital from Sale of Treasury Stock 35,000
Paid-In Capital in Excess of ParPreferred Stock 165,000
Paid-In Capital in Excess of Stated ValueCommon Stock 380,000
Preferred 2% Stock, $110 par 6,050,000
Retained Earnings 31,036,000

Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 300,000 shares of common stock authorized and 100,000 shares of preferred stock authorized.

Block Ayala Group Inc.,
Stockholders' Equity
October 31
Paid-In Capital:
Preferred 2% Stock, $110 Par (100,000 Shares Authorized, 55,000 Shares Issued) $fill in the blank 2
Excess Over Par fill in the blank 4
Paid-In Capital, Preferred Stock $fill in the blank 6
Common Stock, No Par, $22 Stated Value (300,000 Shares Authorized, 250,000 Shares Issued) $fill in the blank 8
Excess Over Stated Value fill in the blank 10
Paid-In Capital, Common Stock fill in the blank 12
From Sale of Treasury Stock fill in the blank 14
Total Paid-In Capital

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