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Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries.
Two hundred fifty thousand shares of common stock are authorized, and 17,600 shares have been reacquired.
Common Stock, $55 par | $11,770,000 |
Paid-In Capital from Sale of Treasury Stock | 343,000 |
Paid-In Capital in Excess of ParCommon Stock | 3,340,000 |
Retained Earnings | 18,650,000 |
Treasury Stock | 1,144,000 |
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