Question
The following accounts and their balances appear in the ledger of Amazon Properties Inc. on April 30 of the current year: Common Stock, $25 par
The following accounts and their balances appear in the ledger of Amazon Properties Inc. on April 30 of the current year:
Common Stock, $25 par - $900,000
Paid-In Capital in Excess of Par - $216,000
Paid-In Capital from Sale of Treasure Stock - $24,000
Retained Earnings - $7,680,000
Treasure Stock - $204,000
Prepare the Stockhoolders' Equity section of the balance sheet as of April 30. Fifty thousand shares of common stock are authorized, and 4,000 shares have been reacquired.
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Financial Accounting For Decision Makers
Authors: Peter Atrill, Eddie McLaney
7th Edition
027378563X, 9780273785637
