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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, $14 stated value $840,000
Paid-In Capital from Sale of Treasury Stock 454,000
Paid-In Capital in Excess of ParPreferred Stock 99,360
Paid-In Capital in Excess of Stated ValueCommon Stock 2,016,000
Preferred 2% Stock, $120 par 828,000
Retained Earnings 5,593,000

Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. There are 190,000 shares of common stock authorized and 18,000 shares of preferred stock authorized.

Paid-in Capital:
CashFrom Sale of Treasury StockPreferred 2% Stock, $120 Par (18,000 Shares Authorized, 6,900 Shares Issued)Retained EarningsPreferred 2% Stock, $120 Par (18,000 Shares Authorized, 6,900 Shares Issued) $Preferred 2% Stock, $120 Par (18,000 Shares Authorized, 6,900 Shares Issued)
CashExcess over parFrom Sale of Treasury StockRetained EarningsExcess over par Excess over par
CashFrom Sale of Treasury StockPaid-in capital, preferred stockRetained EarningsPaid-in capital, preferred stock $Paid-in capital, preferred stock
CashCommon Stock, No Par, $5 Stated Value (190,000 Shares Authorized, 60,000 Shares Issued)Retained EarningsFrom Sale of Treasury StockCommon Stock, No Par, $5 Stated Value (190,000 Shares Authorized, 60,000 Shares Issued) $Common Stock, No Par, $5 Stated Value (190,000 Shares Authorized, 60,000 Shares Issued)
CashExcess over parPreferred 2% stock, $120 par (85,000 shares authorized, 70,000 shares issued) 6,900 Shares Issued)Retained EarningsExcess over par Excess over par
CashExcess over parPreferred 2% stock, $120 par (85,000 shares authorized, 70,000 shares issued) 6,900 Shares Issued)Paid-in capital, common stockPaid-in capital, common stock Paid-in capital, common stock
CashCommon Stock, No Par, $5 Stated Value (500,000 Shares Authorized, 60,000 Shares Issued)From Sale of Treasury StockPreferred 2% Stock, $120 Par (100,000 shares authorized, 6,900 shares issued)Retained EarningsFrom Sale of Treasury Stock From Sale of Treasury Stock
Total Paid-In Capital $fill in the blank 15

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