2 of 2 Required information E11-7 (Algo) Reporting Stockholders' Equity LO11-1, 11-3, 11-7 Williamson Corporation's Board...

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2 of 2 Required information E11-7 (Algo) Reporting Stockholders' Equity LO11-1, 11-3, 11-7 Williamson Corporation's Board authorized 85,000 shares of common stock with $6 par value. During the first year, Williamson: a. Sold 59,000 shares of common stock for cash at $45 per share. b. Repurchased 4,000 shares at $47 per share. Book E11-7 Part 2 Hint Print rences 2. Prepare the stockholders' equity section of the balance sheet at the end of the year. Assume retained earnings at the end of the year was $240,000. Note: Amounts to be deducted should be indicated with a minus sign. WILLIAMSON CORPORATION Balance Sheet (Partial) Stockholders' equity: Contributed capital: At End of This Year Total contributed capital $ 0 Total stockholders' equity $ 0 2 of 2 Required information E11-7 (Algo) Reporting Stockholders' Equity LO11-1, 11-3, 11-7 Williamson Corporation's Board authorized 85,000 shares of common stock with $6 par value. During the first year, Williamson: a. Sold 59,000 shares of common stock for cash at $45 per share. b. Repurchased 4,000 shares at $47 per share. Book E11-7 Part 2 Hint Print rences 2. Prepare the stockholders' equity section of the balance sheet at the end of the year. Assume retained earnings at the end of the year was $240,000. Note: Amounts to be deducted should be indicated with a minus sign. WILLIAMSON CORPORATION Balance Sheet (Partial) Stockholders' equity: Contributed capital: At End of This Year Total contributed capital $ 0 Total stockholders' equity $ 0