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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 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 |
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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) |
|
Help filling out the boxes. Total paid in capital? and total?
Stockholders' Equity Paid-in capital: Common stock, $50 par (250,000 shares authorized, 192,000 shares issued) $9,600,000.00 Excess of issue price over par 3,420,000.00 From sale of treasury stock 312,000.00 Total paid-in capital Retained earnings 18,950,000.00 Total Deduct treasury stock (18,500 shares at cost) 1,202,500.00 $31,079,500.00 Total stockholders' equity
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