Question: Brief Exercise 10-14 Prepare the stockholders' equity section (LO10-7) ock, S1 par value, 1,500,000 shares issued: Additional Paid-in Summit Apparel has the following accounts at
Brief Exercise 10-14 Prepare the stockholders' equity section (LO10-7) ock, S1 par value, 1,500,000 shares issued: Additional Paid-in Summit Apparel has the following accounts at December 31 Common St Capital, $16.50 million; Retained Earnings, $9.50 million; and Treasury Stock, 45,000 shares, $0.990 million Prepare the stockholders' equity section of the balance sheet.(Amounts to be deducted should be indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) SUMMIT APPAREL Balance Sheet (Stockholders Equity Section) December 31 Stockholders equity: Common Stock Additional Paid-in Capital S 1,500,000 Total Paid-in Capital 1,500,000 Total Stockholders Equity S 1500,000
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