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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 50,000 shares of common stock authorized,

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Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 50,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $50 par Paid-In Capital from Sale of Treasury Stock $1,500,000 60,000 Paid-In Capital in Excess of Par-Common Stock 480,000 Retained Earnings 780,000 Treasury Stock 38,000 Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $50 Par (50,000 Shares Authorized, 30,000 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 Treasury Stock Total stockholders' equity Feedback x

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