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

Reporting Paid-In Capital

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

Common Stock, no par, $5 stated value $150,000
Paid-In Capital from Sale of Treasury Stock 148,600
Paid-In Capital in Excess of Par-Preferred Stock 78,000
Paid-In Capital in Excess of Stated Value-Common Stock 360,000
Preferred 2% Stock, $100 par 650,000
Retained Earnings 1,830,000

Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 9. There are 100,000 shares of common stockauthorized and 17,000 shares of preferred stock authorized.

Stockholders Equity
Paid-in Capital: blank blank
CashFrom Sale of Treasury StockPreferred 2% Stock, $100 Par (17,000 Shares Authorized, 6,500 Shares Issued)Retained Earnings $- Select -
CashExcess of Issue Price Over ParFrom Sale of Treasury StockRetained Earnings - Select -
Excess of Issue Price Over ParFrom Sale of Treasury StockPaid-In Capital, Common StockPaid-In Capital, Preferred Stock $- Select -
CashCommon Stock, No Par, $5 Stated Value (100,000 Shares Authorized, 30,000 Shares Issued)From Sale of Treasury StockRetained Earnings $- Select -
CashExcess of Issue Price Over ParPreferred 2% Stock, $100 Par (100,000 Shares Authorized, 6,500 Shares Issued)Retained Earnings - Select -
Excess of Issue Price Over ParFrom Sale of Treasury StockPaid-In Capital, Common StockPaid-In Capital, Preferred Stock - Select -
CashCommon Stock, No Par, $5 Stated Value (500,000 Shares Authorized, 30,000 Shares Issued)From Sale of Treasury StockPreferred 2% Stock, $100 Par (100,000 shares authorized, 6,500 shares issued) - Select -
Total Paid-In Capital $fill in the blank 15

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