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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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