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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 80,000 shares of common stock authorized, and 4,000 shares have
Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 80,000 shares of common stock authorized, and 4,000 shares have been reacquired. Common Stock, $30 par $1,680,000 Paid-In Capital from Sale of Treasury Stock 50,000 Paid-In Capital in Excess of Par-Common Stock 672,000 Retained Earnings 958,000 Treasury Stock 33,000 Balance Sheet Stockholders' Equity Paid-in capital: Common Stock, $30 Par (80,000 Shares Authorized, 56,000 Shares Issued) 9 Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock Total paid in capital Retained Earnings 958,000 Total Treasury Stock Total stockholders' equity
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