Reporting paid-in capital The following accounts and their balances were selected from the adjusted trial balance...
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Reporting paid-in capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $5 stated value $400,000 Paid-In Capital from Sale of Treasury Stock 272,100 Paid-In Capital In Excess of Par-Preferred Stock 97,200 Paid-In Capital in Excess of Stated Value-Common Stock 960,000 Preferred 2% Stock, $100 por 810,000 Retained Earnings 3,352,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 260,000 shares of common stock authorized and 22,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20xx Line Item Description Amount Amount Stockholder's Equity Paid-in Capital: Preferred 2% Stock $100 Par (22,000 Shares Authorized, 5,100 Shares Issued) 810,000 Excess of Issue Price Over Par 97,200 Paid-In Capital Preferred Stock 907,200 eBook Paid-In Capital in Excess of Stated Value-Common Stock 960,000 Preferred 2% Stock, $100 per 810,000 Retained Earnings 3,352,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 260,000 shares common stock authorized and 22,000 shares of preferred stock authorized. Stockholder's Equity Point Loma Group Inc. Balance Sheet October 31, 20XX Line Item Description Amount Amount Paid-in Capital: Preferred 2% Stock, $100 Par (22,000 Shares Authorized, 8,100 Shares Issued) Excess of Issue Price Over Par 810,000 97.200 Paid-In Capital, Preferred Stock 907,200 Common Stock, No Par, $5 Stated Value (260,000 Shares Authorized, 80,000 Shares Issued) 400,000 Excess of Issue Price Over Par 960,000 Paid-In Capital, Common Stock 1.360,000 From Sale of Treasury Stock 272,100 Total Paid-In Capital Reporting paid-in capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $5 stated value $400,000 Paid-In Capital from Sale of Treasury Stock 272,100 Paid-In Capital In Excess of Par-Preferred Stock 97,200 Paid-In Capital in Excess of Stated Value-Common Stock 960,000 Preferred 2% Stock, $100 por 810,000 Retained Earnings 3,352,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 260,000 shares of common stock authorized and 22,000 shares of preferred stock authorized. Point Loma Group Inc. Balance Sheet October 31, 20xx Line Item Description Amount Amount Stockholder's Equity Paid-in Capital: Preferred 2% Stock $100 Par (22,000 Shares Authorized, 5,100 Shares Issued) 810,000 Excess of Issue Price Over Par 97,200 Paid-In Capital Preferred Stock 907,200 eBook Paid-In Capital in Excess of Stated Value-Common Stock 960,000 Preferred 2% Stock, $100 per 810,000 Retained Earnings 3,352,000 Prepare the Paid-In Capital portion of the "Stockholders' Equity" section of the balance sheet using Method 1 of Exhibit 10. There are 260,000 shares common stock authorized and 22,000 shares of preferred stock authorized. Stockholder's Equity Point Loma Group Inc. Balance Sheet October 31, 20XX Line Item Description Amount Amount Paid-in Capital: Preferred 2% Stock, $100 Par (22,000 Shares Authorized, 8,100 Shares Issued) Excess of Issue Price Over Par 810,000 97.200 Paid-In Capital, Preferred Stock 907,200 Common Stock, No Par, $5 Stated Value (260,000 Shares Authorized, 80,000 Shares Issued) 400,000 Excess of Issue Price Over Par 960,000 Paid-In Capital, Common Stock 1.360,000 From Sale of Treasury Stock 272,100 Total Paid-In Capital
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