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Stockholders' EquitySection of Balance Sheet The following accounts and their balances appear in the ledger of Young Properties Inc. on November 30 of the current

Stockholders' EquitySection of Balance Sheet

The following accounts and their balances appear in the ledger of Young Properties Inc. on November 30 of the current year:

Common Stock, $15 par $204,000

Paid-In Capital in Excess of Par 16,320

Paid-In Capital from Sale of Treasury Stock 8,800

Retained Earnings 337,000

Treasury Stock12,635

Prepare the Stockholders' Equity section of the balance sheet as of November 30. Fifty thousand shares ofcommon stockare authorized, and 665 shares have been reacquired.

Young Properties Inc.

Stockholders' Equity Section of the Balance Sheet November 30

Young Properties Inc.Stockholders' Equity Section of the Balance SheetNovember 30

Paid-In Capital:

Common stock, $15 par (50,000 shares authorized, 13,600 shares issued)

$____________

Additional paid-in capital in excess of par

$____________

Paid-in capital from treasury stock

$_________________

Total paid-in capital

$______________

Retained Earnings

$________________________

Total

$______________

Deduct Treasury stock (665 shares at cost)

$______________

Total Stockholders' Equity

$______________

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