Question

The following accounts and their balances appear in the ledger of Heart and Saul Inc. on
April 30 of the current year:
Common Stock, $50 par ........... $ 900,000
Paid-In Capital in Excess of Par ........ 110,000
Paid-In Capital from Sale of Treasury Stock .. 42,000
Retained Earnings ............. 3,178,000
Treasury Stock ............... 210,000
Prepare the Stockholders’ Equity section of the balance sheet as of April 30. Twenty-five thousand shares of common stock are authorized, and 3,500 shares have been reacquired.



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  • CreatedJuly 17, 2012
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