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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
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 4,000 shares have been reacquired.
Common Stock, $70 par | $1,120,000 | |
Paid-In Capital from Sale of Treasury Stock | 34,000 | |
Paid-In Capital in Excess of ParCommon Stock | 288,000 | |
Retained Earnings | 650,000 | |
Treasury Stock | 16,000 |
Balance Sheet | ||
Stockholders' Equity | ||
Paid-in capital: | ||
Common Stock, $70 Par (20,000 Shares Authorized, 16,000 Shares Issued) | $fill in the blank 2 | |
Excess of Issue Price Over Par | fill in the blank 4 | |
Paid-in capital, common stock | $fill in the blank 5 | |
From Sale of Treasury Stock | fill in the blank 7 | |
Total paid-in capital | $fill in the blank 8 | |
Retained Earnings | fill in the blank 10 | |
Total | $fill in the blank 11 | |
Treasury Stock | fill in the blank 13 | |
Total stockholders' equity |
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