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Stockholders' Equity Section of Balance Sheet Premium Imports Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear
Stockholders' Equity Section of Balance Sheet Premium Imports Inc. retails racing products for BMWs, Porsches, and Ferraris. The following accounts and their balances appear in the ledger of Premium Imports Inc. on November 30, the end of the current year: Common Stock, $10 par $960,000 Paid-In Capital in Excess of Par-Common Stock 288,000 Paid-In Capital in Excess of Par-Preferred Stock 60,600 Paid-In Capital from Sale of Treasury Stock-Common 72,400 1,010,000 Preferred 4% Stock, $50 par Retained Earnings Treasury Stock-Common 2,917,000 37,400 One hundred thousand shares of preferred and 400,000 shares of common stock are authorized. There are 3,400 shares of common stock held as treasury stock. Prepare the Stockholders' Equity section of the balance sheet as of November 30, the end of the current year. Premium Imports Inc. Stockholders' Equity Section of the Balance Sheet November 30 Paid-in capital: Total Total paid-in capital Total stockholders' equity 0000 0000000
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