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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 3,500
Using the following accounts and balances, prepare the stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 3,500 shares have been reacquired. Common Stock, $60 par $2,280,000 120,060 Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock 6,060 Retained Earnings 153,000 Treasury Stock 4,560 Stockholders' Equity Contributed capital: Total contributed capital Total $ Total stockholders' equity
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