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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 4,500 shares have been reacquired. Common Stock, $60 par Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock Retained Earnings Treasury Stock $1,860,000 130,060 6,060 124,000 4,560 Stockholders' Equity Contributed capital: Common stock, $60 par (50,000 shares authorized, 31,000 issued 1,860,000 Additional paid-in capital 136,120 X Total contributed capital 1,996,120 X Retained earnings Total Treasury stock Total stockholders' equity Feedback Check My Work Partially correct 124,000 2,120,120 X 4,560 2,115,560 X
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