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Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,900,000 shares issued? Paidin Capital, $16.10 million? Retained Earnings, $9.10 million?
Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,900,000 shares issued? Paidin Capital, $16.10 million? Retained Earnings, $9.10 million? and Treasury Stock, 41,000 shares, $0.902 million.
Prepare the stockholders equity section of the balance sheet. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in dollars, not in millions.)
SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section)
December 31 Stockholders' equity: Total paidin capital Total stockholders' eq
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