Question

The following accounts and their balances appear in the ledger of Dimension Inc. on June 30 of the current year:
Common Stock, $25 par ............. $ 750,000
Paid-In Capital in Excess of Par .......... 120,000
Paid-In Capital from Sale of Treasury Stock ..... 25,000
Retained Earnings ................ 1,350,000
Treasury Stock ................. 80,000
Prepare the Stockholders’ Equity section of the balance sheet as of June 30. Sixty thousand shares of common stock are authorized, and 2,000 shares have been reacquired.



$1.99
Sales2
Views361
Comments0
  • CreatedNovember 10, 2012
  • Files Included
Post your question
5000