Question
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. Two hundred fifty thousand shares of common stock are authorized, and 19,800 shares have been reacquired. Common Stock, $60 par $11,400,000 Paid-In Capital from Sale of Treasury Stock 313,000 Paid-In Capital in Excess of ParCommon Stock 3,280,000 Retained Earnings 18,940,000 Treasury Stock 1,287,000
Accounts and Amount Descriptions
Common stock, $60 par (250,000 shares authorized, 182,500 shares issued)
Common stock, $60 par (250,000 shares authorized, 190,000 shares issued)
Dividends on common stock, Excess of issue price over par, From sale of treasury stock, Issuance of additional common stock, Net income, Purchase of treasury stock, Retained earnings, Total Total paid-in capital, Total stockholders equity, Treasury stock (19,800 shares at cost)
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