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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, and
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 4,000 shares have been reacquired. Common Stock, $50 par Paid-In Capital from Sale of Treasury Stock Pald-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $4,000,000 120,000 720,000 1,840,000 64,000 Balance Sheet Stockholders' Equity Paid in capital: Common Stock, 550 Par (100,000 Shares Authorized, 30,000 Shares Issued) $ 4.000.000 Excess of Issue Price Over Par 720.000 Paid-in capital, common stock From Sale of Treasury Stock 120,000 Total paid in capital Retained Earnings 1.810,000
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