Question
Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 40,000 shares of common stock authorized, and
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 40,000 shares of common stock authorized, and 10,000 shares have been reacquired.
Common Stock, $40 par | $1,120,000 | |
Paid-In Capital from Sale of Treasury Stock | 45,000 | |
Paid-In Capital in Excess of ParCommon Stock | 196,000 | |
Retained Earnings | 549,000 | |
Treasury Stock | 26,000 |
Stockholders' Equity | ||
Paid-in capital: | ||
CashCommon Stock, $40 Par (40,000 Shares Authorized, 28,000 Shares Issued)Retained EarningsTreasury Stock | $- Select - | |
CashExcess of Issue Price Over ParRetained EarningsTreasury Stock | - Select - | |
Paid-in capital, common stock | $fill in the blank 5 | |
CashFrom Sale of Treasury StockRetained EarningsTreasury Stock | - Select - | |
Total paid-in capital | $fill in the blank 8 | |
Common Stock, $40 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock | - Select - | |
Total | $fill in the blank 11 | |
Common Stock, $40 ParExcess of Issue Price Over ParRetained EarningsTreasury Stock | - Select - | |
Total stockholders' equity | $fill in the blank 14 |
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