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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) $2,394,000 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) | $2,394,000 | |
Paid-in Capital from Treasury Stock | 12,000 | |
Paid-in Capital in Excess of ParPreferred Stock | 665,000 | |
Paid-in Capital in Excess of Stated ValueCommon Stock | 1,600,000 | |
Preferred Stock (8%, $50 par) | 775,000 | |
Retained Earnings | 1,746,000 | |
Treasury Stock (10,000 common shares) | 130,000 |
Prepare a stockholders equity section at December 31, 2017. (Enter the account name only and do not provide the descriptive information provided in the question.)
GALINDO CORPORATION Balance Sheet (Partial) |
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