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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
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 Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock Retained Earnings Treasury Stock Prepare the Stockholders' Equity section of the balance sheet as of November 30. Fifty thousand shares of common stock are authorized, and 475 shares have been reacquired. $145,500 11,640 6,300 240,000 9,025 Young Properties Inc. Stockholders' Equity Section of the Balance Sheet November 30 Paid-In Capital: Common stock, $15 par (50,000 shares authorized, 9,700 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 (475 shares at cost) Total Stockholders' Equity
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