The following accounts and their balances appear in the ledger of Newberry Properties Inc on June 30 of the current year Common Stock , $75 par $1,350,000 Paid In Capital in Excess of Par 108,000 Paid In Capital from Sale of Treasury Stock 12,000 Retained Earnings 2,950,000 Treasury Stock 70,000 Pr...

Total Stockholders Equity Paidin Capital Common Stock 75 p ...

The following accounts and their balances appear in the ledger of Newberry Properties Inc. on June 30

Question:

The following accounts and their balances appear in the ledger of Newberry Properties
Inc. on June 30 of the current year:

, $75 par $1,350,000
Paid-In Capital in Excess of Par 108,000
Paid-In Capital from Sale of Treasury Stock 12,000
Retained Earnings 2,950,000
Treasury Stock 70,000

Prepare the Stockholders’ Equity section of the as of June 30. Forty thousand shares of common stock are authorized, and 875 shares have been reacquired.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...