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Yohnalasse Corporation has the following stockholders' equity accounts on January 1, 2020: Common Stock, $10 par value $1,500,000 Paid-in Capital in Excess of Par 200,000
Yohnalasse Corporation has the following stockholders' equity accounts on January 1, 2020: Common Stock, $10 par value $1,500,000 Paid-in Capital in Excess of Par 200,000 Retained Earnings 500,000 Total Stockholders' Equity $2,200,000 The company uses the cost method to account for treasury stock transactions. During 2020, the following treasury stock transactions occurred Apri 1Purchased 10,000 shares at $18 per share. August 1 Sold 4,000 shares at $22 per share October 1 Sold 4,000 shares at $15 per share. Prepare the Stockholders' Equity section of the balance sheet for Yohnalasse Corporation at December 31, 2020. Assume net income was $110,000 for 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) YOHNALASSE CORPORATION alance Sheet (Partia) December 31, 2020 Click if you would like to Show Work for this question:Open Show Work
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