Question

Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 2,500 shares have been reacquired.
Common Stock, $120 par ............$4,800,000
Paid-In Capital in Excess of Par .............600,000
Paid-In Capital from Sale of Treasury Stock ........59,000
Retained Earnings .................7,138,500
Treasury Stock ...................287,500



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  • CreatedMay 07, 2012
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