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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
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 4,000 shares have been reacquired. Common Stock, $30 par $420,000 Paid-In Capital from Sale of Treasury Stock 13,000 Paid-In Capital in Excess of Par-Common Stock 70,000 Retained Earnings 227,000 Treasury Stock 9,000 Stockholders' Equity Paid-In Capital: Common Stock, $30 Par 420,000 Excess over par 329,000 X Total Paid-in Capital Total Total Stockholders' Equity 0000000
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