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Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,600,000 shares issued; Additional Paid-in Capital, $16.40 million; Retained Earnings, $9.40
Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,600,000 shares issued; Additional Paid-in Capital, $16.40 million; Retained Earnings, $9.40 million; and Treasury Stock 44.000 shares. $0.968 million. Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be indicated by a minus sign. Enter your answer in dollars, not millions (i.e, $5.5 million should ,500,000).) entered as SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity: Common stock Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity
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