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Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. 20,000 shares of common stock authorized, and 1,000 shares


Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 20,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $60 par $840,000 Paid-In Capital from Sale of Treasury Stock 17,000 Paid-In Capital in Excess of Par-Common Stock 322,000 Retained Earnings 428,000 Treasury Stock 11,000 Balance Sheet Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total Total paid-in capital 1000000

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