Question

Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Two-hundred thousand shares of common stock are authorized, and 24,000 shares have been reacquired.
Common Stock, $15 par .............$2,400,000
Paid-In Capital in Excess of Par ........... 480,000
Paid-In Capital from Sale of Treasury Stock ....... 100,000
Retained Earnings ............... 5,275,000
Treasury Stock ..................336,000



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  • CreatedMay 07, 2012
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