From the following partial mixed list, select the appropriate titles and prepare a stockholders equity section using

Question:

From the following partial mixed list, select the appropriate titles and prepare a stockholders’ equity section using the source-of-capital approach as shown in the Blueprint example for Ration Corporation on July 31, 201X.

Office Equipment	$90,000
Land	175,000
Paid-In Capital in Excess of ParValue-Preferred Stock	125,000
Building	105,000
Accounts Receivable	110,000
Notes Receivable	35,000
Organization Costs	9,000
Common Stock, $11 Par value (65,000 shares issued and outstanding: 75,000 shares authorized)	715,000
Retained Earnings	203,000
Subscriptions Receivable-Common Stock	75,000
Patents	10,000
Preferred 10% Stock, $48 par value (6,600 shares issued; 10,500 shares authorized)	316,000
Common Stock Subscribed at Par	280,00
Paid-In Capital in Excess of Par Value-Common Stock	19,000

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...

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