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The financial statements of Ridgecrest Employment Services, Inc., reported the following accounts: (Click the icon to view the accounts.) Prepare the stockholders' equity section of
The financial statements of Ridgecrest Employment Services, Inc., reported the following accounts: (Click the icon to view the accounts.) Prepare the stockholders' equity section of Ridgecrest's balance sheet. Net income has already been closed to Retained Earnings. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet. Use parentheses or a minus sign for numbers to be subtracted.) Balance Sheet (Partial) Stockholders' Equity: Total paid-in capital Total stockholders' equity $ par, shares Data table Paid-in capital in excess of par 336,000 Total revenues $ 1,720,000 Notes Payable (short-term) 58,000 Accounts payable 160,000 Common stock, $0.01 par Retained earnings 664,000 1,200,000 shares issued 12,000 Other current liabilities 340,000 Long-term debt 20,000 Total expenses 1,020,000
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