Question: Do It! Review 11-6 Your answer is partially correct. Try again. Foyle Corporation has issued 92,480 shares of $5 par value common stock. It was

 Do It! Review 11-6 Your answer is partially correct. Try again.

Foyle Corporation has issued 92,480 shares of $5 par value common stock.

Do It! Review 11-6 Your answer is partially correct. Try again. Foyle Corporation has issued 92,480 shares of $5 par value common stock. It was authorized 498,400 shares. The paid-in capital in excess of par value on the common stock is $258,800. The corporation has reacquired 7,500 shares at a cost of $45,500 and is currently holding those shares. The corporation also has 2,400 shares issued and outstanding of 9%, $104 par value preferred stock. It authorized 9,640 shares. The paid-in capital in excess of par value on the preferred stock is $26,000. Retained earnings is $363,600. Prepare the stockholders' equity section at the balance sheet. FOYLE CORPORATION Balance Sheet (Partial) Stockholders' Fquity Paid-in Capital Capital Stock 249600 referred Stock Common Stock 590880 Total Capital Stock 840480 Additional Paid-in Capital

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