The following accounts and their balances appear in the ledger of Amazon Properties Inc on April 30 of the current year Common Stock , $25 par $ 900,000 Paid In Capital in Excess of Par 216,000 Paid In Capital from Sale of Treasury Stock 24,000 Retained Earnings 7,680,000 Treasury Stock 204,000 Pre...

Stockholders Equity Paidin capital Common stock 25 par 50000 shares a ...

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

Question:

The following accounts and their balances appear in the ledger of Amazon Properties Inc. on April 30 of the current year:
, $25 par ....... $ 900,000
Paid-In Capital in Excess of Par ....... 216,000
Paid-In Capital from Sale of Treasury Stock . 24,000
Retained Earnings .......... 7,680,000
Treasury Stock ............ 204,000

Prepare the Stockholders’ Equity section of the as of April 30.
Fifty thousand shares of common stock are authorized, and 4,000 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...