Question
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 20,000 shares of common stock authorized,
Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 20,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $70 par $840,000 Paid-In Capital from Sale of Treasury Stock 17,000 Paid-In Capital in Excess of Par-Common Stock 132,000 Retained Earnings 403,000 Treasury Stock 10,000 Balance Sheet Stockholders' Equity Paid-in capital: Common Stock $70 Par (20,000 Shares Authorized 128000 Shares Issued). 040,000 Excess of Issue Price Over Par x Paid-in capital, common stock i From Sale of Treasury Stock Total paid-in capital Retained Earnings Total Treasury Stock 17.000 403.000 10,000
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