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The following stockholders equity accounts, arranged alphabetically, are in the ledger of Pinkston Corporation at December 31, 2017. Common Stock ($5 stated value) $1,900,000 Paid-in
The following stockholders equity accounts, arranged alphabetically, are in the ledger of Pinkston Corporation at December 31, 2017. Common Stock ($5 stated value) $1,900,000 Paid-in Capital in Excess of ParPreferred Stock 280,000 Paid-in Capital in Excess of Stated ValueCommon Stock 900,000 Preferred Stock (8%, $100 par, noncumulative) 500,000 Retained Earnings 1,234,000 Treasury Stock (10,000 shares) 120,000 Instructions Prepare the stockholders equity section of the balance sheet at December 31, 2017
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