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Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 90,000 shares of common stock authorized, and 1,000 shares have
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 90,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $40 par $2,520,000 Paid-In Capital from Sale of Treasury Stock 151,000 Paid-In Capital in Excess of ParCommon Stock 567,000 Retained Earnings 1,361,000 Treasury Stock
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