Reporting Stockholders' Equity Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the balance sheet. 70,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $80 par $4,480,000 Paid-In Capital from Sale of Treasury Stock 90,000 Paid-In Capital in Excess of Par—Common Stock 784,000 Retained Earnings 2,330,000 Treasury Stock 60,000 Balance Sheet Stockholders' Equity Paid-in capital: $fill in the blank 2 fill in the blank 4 Paid-in capital, common stock $fill in the blank 5 fill in the blank 7 Total paid-in capital $fill in the blank 8 fill in the blank 10 Total $fill in the blank 11 fill in the blank 13 Total stockholders' equity $fill in the blank 14
Reporting Stockholders' Equity Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the balance sheet. 70,000 shares of common stock authorized, and 1,000 shares have been reacquired. Common Stock, $80 par $4,480,000 Paid-In Capital from Sale of Treasury Stock 90,000 Paid-In Capital in Excess of Par—Common Stock 784,000 Retained Earnings 2,330,000 Treasury Stock 60,000 Balance Sheet Stockholders' Equity Paid-in capital: $fill in the blank 2 fill in the blank 4 Paid-in capital, common stock $fill in the blank 5 fill in the blank 7 Total paid-in capital $fill in the blank 8 fill in the blank 10 Total $fill in the blank 11 fill in the blank 13 Total stockholders' equity $fill in the blank 14
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Reporting
Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the
| Common Stock, $80 par | $4,480,000 |
| Paid-In Capital from Sale of |
90,000 |
| Paid-In Capital in Excess of Par—Common Stock | 784,000 |
| 2,330,000 | |
| Treasury Stock | 60,000 |
| Balance Sheet | ||
| Stockholders' Equity | ||
| Paid-in capital: | ||
| $fill in the blank 2 | ||
| fill in the blank 4 | ||
| Paid-in capital, common stock | $fill in the blank 5 | |
| fill in the blank 7 | ||
| Total paid-in capital | $fill in the blank 8 | |
| fill in the blank 10 | ||
| Total | $fill in the blank 11 | |
| fill in the blank 13 | ||
| Total stockholders' equity | $fill in the blank 14 |
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