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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 100,000 shares of common stock authorized,
Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 100,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $70 par Paid-In Capital from Sale of Treasury Stock $5,600,000 224,000 Paid-In Capital in Excess of Par-Common Stock 1,200,000 Retained Earnings 2,576,000 Treasury Stock 143,000 Stockholders' Equity Balance Sheet Paid-in capital: Common Stock, $70 Par (100,000 Shares Authorized, 80,000 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock Total paid-in capital Retained Earnings Total Check My Work 5,600,000 1.200.000 224,000 2.576,000 Next>
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