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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common
Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired.
Common Stock, $30 par | $1,200,000 | |
Paid-In Capital from Sale of Treasury Stock | 24,000 | |
Paid-In Capital in Excess of ParCommon Stock | 320,000 | |
Retained Earnings | 564,000 | |
Treasury Stock | 14,000 |
Stockholders' Equity | ||
Paid-In Capital: | ||
$ | ||
$ | ||
Total Paid-in Capital | $ | |
Total | $ | |
Total Stockholders' Equity | $ |
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