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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 70,000 shares of common stock authorized, and
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 70,000 shares of common stock authorized, and 2,000 shares have been reacquired.
Common Stock, $40 par$2,240,000Paid-In Capital from Sale of Treasury Stock134,000Paid-In Capital in Excess of ParCommon Stock784,000Retained Earnings1,098,000Treasury Stock68,000Stockholders' Equity Paid-in capital:blankblankCashCommon Stock, $40 Par (70,000 Shares Authorized, 56,000 Shares Issued)Retained EarningsTreasury Stock$- Select - CashExcess of Issue Price Over ParRetained EarningsTreasury Stock- Select - Paid-in capital, common stock $fill in the blank 5CashFrom Sale of Treasury StockRetained EarningsTreasury Stock - Select -Total paid-in capital $fill in the blank 8Common Stock, $40 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock - Select -Total $fill in the blank 11Common Stock, $40 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock - Select -Total stockholders' equity
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