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 Stock 35,000 Paid-In Capital in Excess of Par—Preferred Stock 165,000 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 preferred stock authorized. Block Ayala Group Inc.,Stockholders' EquityOctober 31 Paid-In Capital: $- Select - - Select - $- Select - $- Select - - Select - - Select - - Select - Total Paid-In Capital $fill in the blank 15
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 Stock 35,000 Paid-In Capital in Excess of Par—Preferred Stock 165,000 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 preferred stock authorized. Block Ayala Group Inc.,Stockholders' EquityOctober 31 Paid-In Capital: $- Select - - Select - $- Select - $- Select - - Select - - Select - - Select - Total Paid-In Capital $fill in the blank 15
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Reporting Paid-In Capital
The following accounts and their balances were selected from the adjusted
Common Stock, no par, $22 stated value | $5,500,000 |
Paid-In Capital from Sale of |
35,000 |
Paid-In Capital in Excess of Par— |
165,000 |
Paid-In Capital in Excess of Stated Value—Common Stock | 380,000 |
Preferred 2% Stock, $110 par | 6,050,000 |
31,036,000 |
Prepare the Paid-In Capital portion of the
Block Ayala Group Inc.,Stockholders' EquityOctober 31
Paid-In Capital: | |||
|
$- Select - | ||
|
- Select - | ||
|
$- Select - | ||
|
$- Select - | ||
|
- Select - | ||
|
- Select - | ||
|
- Select - | ||
Total Paid-In Capital | $fill in the blank 15 |
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