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The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the
The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Preferred 2% Stock, $100 par Paid-In Capital in Excess of Par-Preferred Stock Common Stock, no par, $5 stated value Paid-In Capital in Excess of Stated Value-Common Stock Paid-In Capital from Sale of Treasury Stock Retained Earnings Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 9. There are 130,000 shares of common stock authorized and 22,000 shares of preferred stock authorized $810,000 97,200 200,000 480,000 190,500 2,347,000 Point Loma Group Inc. Stockholders' Equity (Paid-In Capital Section) October 31, 20X Paid-in Capital Total Paid-In Capital
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