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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 (separating sources of additional paid-in capital). Fifty thousand shares of common stock are authorized, and 1,000 shares have been reacquired.
Common Stock, $60 par | $1,920,000 |
Paid-In Capital in Excess of Par | 96,000 |
Paid in Capital from Sale of Treasury Stock | 6,060 |
Retained Earnings | 167,000 |
Treasury Stock | 4,560 |
Paid-in capital: | ||
Common stock, $60 par (50,000 shares authorized, 32,000 issued)Retained earningsStock dividendsTotal paid-in capitalTreasury stock (1,000 shares at cost) | $- Select - | |
CashDividends declaredExcess of issue price over parRetained earningsTreasury stock (1,000 shares at cost) | - Select - | blank |
Excess of issue price over parPaid-in capital, common stockRetained earningsStock dividendsTreasury stock (1,000 shares at cost) | $- Select - | blank |
Common stockFrom sale of treasury stockRetained earningsStock dividendsTreasury stock (1,000 shares at cost) | - Select - | blank |
Common stockExcess of issue price over parRetained earningsStock dividendsTotal paid-in capital | $- Select - | |
Common stock, $60 par (50,000 shares authorized, 32,000 issued)From sale of treasury stockRetained earningsStock dividendsTreasury stock (1,000 shares at cost) | - Select - | |
CashCommon stockRetained earningsTotal paid-in capitalTreasury stock (1,000 shares at cost) | - Select - | |
Total stockholders' equity | $fill in the blank 15 |
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