The following stockholders equity accounts, arranged alphabetically, are in the ledger of Ayayai Corporation at December 31, 2020. Common Stock ($4 stated value) $1,340,000 Paid-in
The following stockholders equity accounts, arranged alphabetically, are in the ledger of Ayayai Corporation at December 31, 2020.
| Common Stock ($4 stated value) | $1,340,000 | |
| Paid-in Capital in Excess of ParPreferred Stock | 275,000 | |
| Paid-in Capital in Excess of Stated ValueCommon Stock | 850,000 | |
| Preferred Stock (8%, $100 par) | 450,000 | |
| Retained Earnings | 1,000,000 | |
| Treasury Stock (10,000 common shares) | 120,000 |
Prepare the stockholders equity section of the balance sheet at December 31, 2020.
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Authors: Charles T. Horngren, Walter T. Harrison Jr, M. Suzanne Oliver
9th Edition
1256297585, 978-1256297581
