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 18,500 shares have been reacquired.

Common Stock, $50 par	$9,600,000
Paid-In Capital from Sale of Treasury Stock	312,000
Paid-In Capital in Excess of ParCommon Stock	3,420,000
Retained Earnings	18,950,000
Treasury Stock	1,202,500

Accounts and Amount Descriptions

Accounts and Amount Descriptions
Common stock, $50 par (250,000 shares authorized, 182,500 shares issued)
Common stock, $50 par (250,000 shares authorized, 192,000 shares issued)
Dividends on common stock
Excess of issue price over par
From sale of treasury stock
Issuance of additional common stock
Net income
Purchase of treasury stock
Retained earnings
Total
Total paid-in capital
Total stockholders equity
Treasury stock (18,500 shares at cost)

Stockholders Equity

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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 for the exact wording of the answer choices for text entries. Deduct will automatically appear if required.

Score: 78/85

Stockholders Equity

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