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The following are selected accounts and balances from the records of Doran Corporation on June 30, 2017. Common Stock, $10 par value, 75,000 shares authorized,
The following are selected accounts and balances from the records of Doran Corporation on June 30, 2017.
Common Stock, $10 par value, 75,000 shares authorized, 54,000 shares issued $540,000
Paid-in Capital in Excess of Par ValueCommon Stock 150,000
Preferred Stock, $100 par value, 8%, 3,000 shares authorized and issued 300,000
Retained Earnings 280,000
Treasury Stock (10,000 common shares) 150,000
Paid-in Capital in Excess of Par ValuePreferred Stock 30,000
Prepare in proper form the stockholders equity section of the balance sheet.
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