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Using the following accounts and balances, prepare the Stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and
Using the following accounts and balances, prepare the Stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 5,000 shares have been reacquired. Common Stock, $50 par $1,250,000 Paid-In Capital in Excess of Par 800,000 Paid-In Capital from Sale of Treasury Stock 42,000 Retained Earnings 4,350,000 Treasury Stock 155,000 Stockholders' Equity Paid-in capital Total Total stockholders' equity 100
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