Reporting Stockholders Equity Using the following accounts and balances, prepare the Stockhalders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired. Comman Stock, $sa0 par $3,200,000 Paid-In Capital from Sale of Treasury Stock Paid-in Capital in Excess of Par-Common Stock 64,000 440,000 Retained Earnings 1,728,000 Treasury Stock 42,000 Stockholders' Equity Paid-In Capital: Common Stock, S80 Par 3200,000 Excess over par 440,000 Treasury Stock From Sale of Treasury Stock 64.000 Total Paid-in Capital 3,704.000 Retained Eamings Total Treasury Stock Total Stockholders' Equity
Reporting Stockholders Equity Using the following accounts and balances, prepare the Stockhalders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired. Comman Stock, $sa0 par $3,200,000 Paid-In Capital from Sale of Treasury Stock Paid-in Capital in Excess of Par-Common Stock 64,000 440,000 Retained Earnings 1,728,000 Treasury Stock 42,000 Stockholders' Equity Paid-In Capital: Common Stock, S80 Par 3200,000 Excess over par 440,000 Treasury Stock From Sale of Treasury Stock 64.000 Total Paid-in Capital 3,704.000 Retained Eamings Total Treasury Stock Total Stockholders' Equity
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Reporting Stockholders Equity
Using the following accounts and balances, prepare the Stockhalders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired.
Comman Stock, $sa0 par
$3,200,000
Paid-In Capital from Sale of Treasury Stock
Paid-in Capital in Excess of Par-Common Stock
64,000
440,000
Retained Earnings
1,728,000
Treasury Stock
42,000
Stockholders' Equity
Paid-In Capital:
Common Stock, S80 Par
3200,000
Excess over par
440,000
Treasury Stock
From Sale of Treasury Stock
64.000
Total Paid-in Capital
3,704.000
Retained Eamings
Total
Treasury Stock
Total Stockholders' Equity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6c71a478-5042-49bc-a15b-a8fbfed1d868%2F3617a06b-ffbe-482f-b9ed-2f121f1c3df4%2Fs37oyci_processed.png&w=3840&q=75)
Transcribed Image Text:Reporting Stockholders Equity
Using the following accounts and balances, prepare the Stockhalders' Equity section of the balance sheet using Method 1 of Exhibit 8. 50,000 shares of common stock authorized, and 2,000 shares have been reacquired.
Comman Stock, $sa0 par
$3,200,000
Paid-In Capital from Sale of Treasury Stock
Paid-in Capital in Excess of Par-Common Stock
64,000
440,000
Retained Earnings
1,728,000
Treasury Stock
42,000
Stockholders' Equity
Paid-In Capital:
Common Stock, S80 Par
3200,000
Excess over par
440,000
Treasury Stock
From Sale of Treasury Stock
64.000
Total Paid-in Capital
3,704.000
Retained Eamings
Total
Treasury Stock
Total Stockholders' Equity
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education