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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 | 100,000 |
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