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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. There are 30,000 shares of common stock authorized, and 4,000
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. There are 30,000 shares of common stock authorized, and 4,000 shares have been reacquired. Common Stock, $30 par $720,000 29,000 Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock 144,000 403,000 Retained Earnings Treasury Stock 16,000 Stockholders' Equity Paid-In Capital: Paid-in capital, common stock Total Paid-in Capital ilinin Total Total Stockholders' Equity
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