Reporting Stockholders' Equity Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the balance sheet. 20,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $50 par $800,000 Paid-In Capital from Sale of Treasury Stock 16,000 Paid-In Capital in Excess of Par—Common Stock 288,000 Retained Earnings 360,000 Treasury Stock 9,000
Reporting Stockholders' Equity Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the balance sheet. 20,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $50 par $800,000 Paid-In Capital from Sale of Treasury Stock 16,000 Paid-In Capital in Excess of Par—Common Stock 288,000 Retained Earnings 360,000 Treasury Stock 9,000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 5SEA: STOCKHOLDERS EQUITY SECTION After closing its books on December 31, Pro Parts stockholders equity...
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Reporting
Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the
Common Stock, $50 par | $800,000 |
Paid-In Capital from Sale of |
16,000 |
Paid-In Capital in Excess of Par—Common Stock | 288,000 |
360,000 | |
Treasury Stock | 9,000 |
blankblankBalance Sheet
Stockholders' Equity | ||
Paid-in capital: | blank | blank |
|
$- Select - | |
|
- Select - | |
Paid-in capital, common stock | $fill in the blank 5 | |
|
- Select - | |
Total paid-in capital | $fill in the blank 8 | |
|
- Select - | |
Total | $fill in the blank 11 | |
|
- Select - | |
Total stockholders' equity | $fill in the blank 14 |
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