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The following information pertains to Ming Corp. at January 1, Year 2: Ming Corp. completed the following transactions during Year 2: 1. Issued 2,800 shares
The following information pertains to Ming Corp. at January 1, Year 2: Ming Corp. completed the following transactions during Year 2: 1. Issued 2,800 shares of $9 par common stock for $14 per share. 2. Repurchased 1,200 shares of its own common stock for $17 per share. 3. Resold 720 shares of treasury stock for $19 per share. 4. Earned $60,400 of cash revenue. 5. Paid $33,650 of cash operating expenses. Required Prepare the stockholders' equity section of the year-end balance sheet
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