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The following stockholders equity accounts arranged alphabetically are in the ledger of Galindo Corporation at December 31, 2017. Common Stock ($6 stated value) $2,442,000 Paid-in
The following stockholders equity accounts arranged alphabetically are in the ledger of Galindo Corporation at December 31, 2017.
Common Stock ($6 stated value) | $2,442,000 | |
Paid-in Capital from Treasury Stock | 14,500 | |
Paid-in Capital in Excess of ParPreferred Stock | 695,000 | |
Paid-in Capital in Excess of Stated ValueCommon Stock | 1,590,000 | |
Preferred Stock (8%, $55 par) | 907,500 | |
Retained Earnings | 1,753,000 | |
Treasury Stock (11,000 common shares) | 143,000 |
Prepare a stockholders equity section at December 31, 2017.
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