Using the following accounts and balances, prepare the "Stockholders' Equity" sectic of the balance sheet. 70,000 shares of common stock authorized, and 2,000 shares mave been reacquired. Common Stock, $30 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Stockholders' Equity Paid-in capital: Balance Sheet Paid-in capital, common stock Total paid-in capital Total Total stockholders' equity $1,260,000 76,000 336,000 743,000 37,000
Using the following accounts and balances, prepare the "Stockholders' Equity" sectic of the balance sheet. 70,000 shares of common stock authorized, and 2,000 shares mave been reacquired. Common Stock, $30 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Stockholders' Equity Paid-in capital: Balance Sheet Paid-in capital, common stock Total paid-in capital Total Total stockholders' equity $1,260,000 76,000 336,000 743,000 37,000
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 17E: Reporting paid-in capital The following accounts and their balances were selected from the adjusted...
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![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 2,000 shares
have been reacquired.
Common Stock, $30 par
Paid-In Capital from Sale of Treasury Stock
Paid-In Capital in Excess of Par-Common Stock
Retained Earnings
Treasury Stock
Stockholders' Equity
Paid-in capital:
Balance Sheet
Paid-in capital, common stock
Total paid-in capital
Total
Total stockholders' equity
$1,260,000
76,000
336,000
743,000
37,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3d91039a-4ee7-408c-877c-417bb564466b%2F24816016-7f8c-41db-b168-01c695463fc6%2Fts3lgvx_processed.png&w=3840&q=75)
Transcribed Image Text: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 2,000 shares
have been reacquired.
Common Stock, $30 par
Paid-In Capital from Sale of Treasury Stock
Paid-In Capital in Excess of Par-Common Stock
Retained Earnings
Treasury Stock
Stockholders' Equity
Paid-in capital:
Balance Sheet
Paid-in capital, common stock
Total paid-in capital
Total
Total stockholders' equity
$1,260,000
76,000
336,000
743,000
37,000
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