The following accounts appear in the ledger of Paisan Inc. after the books are closed at December
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The following accounts appear in the ledger of Paisan Inc. after the books are closed at December 31, 2025.
InstructionsPrepare the stockholders’ equity section at December 31, assuming $100,000 of retained earnings is restricted for plant expansion.
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Common Stock (no-par, $1 stated value, 400,000 shares authorized, 250,000 shares issued) Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock ($50 par value, 8%, 40,000 shares authorized, 14,000 shares issued) Retained Earnings Treasury Stock (9,000 common shares) Paid-in Capital in Excess of Par-Preferred Stock Accumulated Other Comprehensive Loss $ 250,000 1,200,000 700,000 920,000 64,000 24,000 31,000
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781119791058
8th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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