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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, $14 stated value $700,000
Paid-In Capital from Sale of Treasury Stock 419,500
Paid-In Capital in Excess of ParPreferred Stock 119,520
Paid-In Capital in Excess of Stated ValueCommon Stock 1,680,000
Preferred 2% Stock, $120 par 996,000
Retained Earnings 5,168,000

Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 160,000 shares of common stock authorized and 22,000 shares of preferred stock authorized.

Block Ayala Group Inc.,
Stockholders' Equity
October 31
Paid-In Capital:
Preferred 2% Stock, $120 Par (22,000 Shares Authorized, 8,300 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, $14 Stated Value (160,000 Shares Authorized, 50,000 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 $fill in the blank 15

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