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The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Preferred 2% Stock, $200 par (30,000

The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Preferred 2% Stock, $200 par (30,000 shares authorized, 15,000 shares issued) $3,000,000 Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $20 par (600,000 shares authorized, 190,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Retained Earnings 600,000 3,800,000 490,000 16,727,000
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The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Preferred 2% Stock, $200 par (30,000 shares authorized, 15,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $20 par (600,000 shares authorized, 190,000 shares issued) $3,000,000600,0003,800,000490,00016,727,000 Paid-In Capital in Excess of Par-Common Stock Retained Earnings 16,727,000 The following selected accounts appear in the ledger of Upscale Construction Inc. at the beginning of the current year: Preferred 2% Stock, $200 par (30,000 shares authorized, 15,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $20 par (600,000 shares authorized, 190,000 shares issued) $3,000,000600,0003,800,000490,00016,727,000 Paid-In Capital in Excess of Par-Common Stock Retained Earnings 16,727,000

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