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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Reporting Paid-In Capital

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
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