Question: Brief Exercise 10-14 Prepare the stockholders equity section (LO7) Summit Apparel has the following accounts at December 31 Common Stock, $1 par value, 1,900,000 shares

Brief Exercise 10-14 Prepare the stockholders equity section (LO7) Summit Apparel

Brief Exercise 10-14 Prepare the stockholders equity section (LO7) Summit Apparel has the following accounts at December 31 Common Stock, $1 par value, 1,900,000 shares issued: Paid-in Capital. $16.10 million: Retained Earnings, $9.10 million; and Treasury Stock, 41,000 shares. $0.902 million Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in dollars, not in millions.) SUMMIT APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity: Total paid-in capital Total stockholders' equity

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