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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 3,000
Using the following accounts and balances, prepare the Stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 3,000 shares have been reacquired.
| Common Stock, $50 par | $1,750,000 |
| Paid-In Capital in Excess of Par | 175,000 |
| Paid in Capital from Sale of Treasury Stock | 6,050 |
| Retained Earnings | 145,000 |
| Treasury Stock | 4,550 |
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Using Microsoft Excel And Access 20 For Accounting
Authors: Glenn Owen
5th Edition
133751229X, 9781337512299
