Question
The following accounts at December 31 of the current year. Common stock, $1 par value $100,000 Treasury Stock 24,000 Paid-in capital in excess of par
The following accounts at December 31 of the current year.
| Common stock, $1 par value | $100,000 |
| Treasury Stock | 24,000 |
| Paid-in capital in excess of par C/S | 800,000 |
| Retained earnings | 320,000 |
| Paid in Capital Treasury Stock | 8,000 |
| Unearned Revenue | 10,000 |
Compute the Balance in Stockholders Equity at December 31st.
| a | $1,242,000 |
| b | $1,204,000 |
| c | $1,214,000 |
| d | $1,194,000 |
| e | $1,191,000 |
| f | $1,184,000 |
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Core Concepts of Accounting Information Systems
Authors: Mark G. Simkin, Jacob M. Rose, Carolyn S. Norman
12th edition
1118022300, 978-1118022306
