Telex Inc. Balance Sheet December 31, 20Y7 Stockholders' Equity Paid-in capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued) $100,000 10,000 Excess of issue price over par. $ 110,000 Paid-in capital, preferred stock. Common stock, $20 par (50,000 shares authorized, 45,000 shares issued). Excess of issue price over par.. Paid-in capital, common stock From sale of treasury stock. Total paid-in capital, $900,000 190,000 1,090,000 2,000 $1,202,000 350,000 $1,552,000 (27,000) $1,525,000 Retained earnings. Total Treasury stock (600 shares at cost). Total stockholders' equity

Telex Inc. Balance Sheet December 31, 20Y7 Stockholders' Equity Paid-in capital: Preferred 10% stock, $50 par (2,000 shares authorized and issued) $100,000 10,000 Excess of issue price over par. $ 110,000 Paid-in capital, preferred stock. Common stock, $20 par (50,000 shares authorized, 45,000 shares issued). Excess of issue price over par.. Paid-in capital, common stock From sale of treasury stock. Total paid-in capital, $900,000 190,000 1,090,000 2,000 $1,202,000 350,000 $1,552,000 (27,000) $1,525,000 Retained earnings. Total Treasury stock (600 shares at cost). Total stockholders' equity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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