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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 20,000 shares of common
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 20,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $50 par $600,000 Paid-In Capital from Sale of Treasury Stock 36,000 Paid-In Capital in Excess of Par-Common Stock 216,000 Retained Earnings 282,000 Treasury Stock 16,000 Stockholders' Equity Paid-In Capital: Common Stock, $50 Par Excess over par Treasury Stock $ Total Paid-in Capital Retained Earnings Total Treasury Stock Total Stockholders' Equity U
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