Question
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 70,000 shares of common stock authorized, and 10,000 shares have
Using the following accounts and balances, prepare the Stockholders Equity section of the balance sheet. 70,000 shares of common stock authorized, and 10,000 shares have been reacquired.
Common Stock, $80 par | $3,360,000 | |
Paid-In Capital from Sale of Treasury Stock | 134,000 | |
Paid-In Capital in Excess of ParCommon Stock | 1,008,000 | |
Retained Earnings | 1,512,000 | |
Treasury Stock | 76,000 |
Stockholders' Equity | ||
Paid-in capital: | blank | blank |
CashCommon Stock, $80 Par (70,000 Shares Authorized, 42,000 Shares Issued)Retained EarningsTreasury StockCommon Stock, $80 Par (70,000 Shares Authorized, 42,000 Shares Issued) | $Common Stock, $80 Par (70,000 Shares Authorized, 42,000 Shares Issued) | |
CashExcess of Issue Price Over ParRetained EarningsTreasury StockExcess of Issue Price Over Par | Excess of Issue Price Over Par | |
Paid-in capital, common stock | $fill in the blank 5 | |
CashFrom Sale of Treasury StockRetained EarningsTreasury StockFrom Sale of Treasury Stock | From Sale of Treasury Stock | |
Total paid-in capital | $fill in the blank 8 | |
Common Stock, $80 ParExcess of Issue Price Over ParRetained EarningsTreasury StockRetained Earnings | Retained Earnings | |
Total | $fill in the blank 11 | |
Common Stock, $80 ParExcess of Issue Price Over ParRetained EarningsTreasury StockTreasury Stock | Treasury Stock | |
Total stockholders' equity |
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