The charter of

Maple Leaf

Corporation authorizes the issuance of

900

shares of preferred stock and

2,600

shares of common stock. During a two-month period,

Maple Leaf

completed these stock-issuance transactions:

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Requirement 2. Prepare the stockholders' equity section of the

Maple Leaf

balance sheet as of

April

30,

2024,

for the transactions given in this exercise. Retained Earnings has a balance of

$70,000

at

April

30,

2024.

Maple Leaf Corporation

Balance Sheet (Partial)

April 30, 2024

Stockholders' Equity
	Paid-In Capital:
	Preferred Stock7%, $40 Par Value;
	900 shares authorized, issued, and outstanding	36000
	Common Stock$3 Par Value;
	2,600 shares authorized, 640 shares issued and outstanding	1920
	Paid-In Capital in Excess of ParCommon
	Total Paid-In Capital
	Retained Earnings	70000
	Total Stockholders' Equity