Block Ayala Group In Stockholders Equity October 31 botool 0000 8- 0

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Reporting Paid-In Capital
The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc, a freight forwarder, at October 31, the end of the current fiscal year
Common Stock, no par, $22 stated value $5,500,000
Paid-In Capital from Sale of Treasury
35,000
Stock
Paid-In Capital in Excess of Par-Preferred
Stock
Paid-In Capital in Excess of Stated Value
-Common Stock
380,000
Preferred 2% Stock, $110 par
6,050,000
Retained Earnings
31,036,000
Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8 There are 300,000 shares of common stock authorized and 100,000 shares of pred stated
Block Ayala Group Inc.
Stockholders Equity
October 31
Toogoool
Paid-In Capital
00 00
Total Pidin Capital
165,000
0 00
(mme
î
Transcribed Image Text:Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Block Ayala Group Inc, a freight forwarder, at October 31, the end of the current fiscal year Common Stock, no par, $22 stated value $5,500,000 Paid-In Capital from Sale of Treasury 35,000 Stock Paid-In Capital in Excess of Par-Preferred Stock Paid-In Capital in Excess of Stated Value -Common Stock 380,000 Preferred 2% Stock, $110 par 6,050,000 Retained Earnings 31,036,000 Prepare the Paid-In Capital portion of the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8 There are 300,000 shares of common stock authorized and 100,000 shares of pred stated Block Ayala Group Inc. Stockholders Equity October 31 Toogoool Paid-In Capital 00 00 Total Pidin Capital 165,000 0 00 (mme î
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