Question
Using the following accounts and balances, prepare the Stockholder's 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 "Stockholder's Equity" section of the balance sheet. 90,000 shares of common stock authorized, and 1,000 shares have been reacquired.
Common Stock, $60 par $3,780,000
Paid-In Capital from Sale of Treasury Stock 189,000
Paid-In Capital in Excess of Par-Common Stock 504,000
Retained Earnings 2,003,000
Treasury Stock 125,000
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Accounting And Auditing Research Tools And Strategies
Authors: Thomas Weirich, Thomas C. Pearson, Alan Reinstein
6th Edition
032430224X, 9780324302240
