Sheffield Corp. has these accounts at December 31: Common Stock, $8 par, 5,000 shares issued, $40,000;...
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Sheffield Corp. has these accounts at December 31: Common Stock, $8 par, 5,000 shares issued, $40,000; Paid-in Capital in Excess of Par $32,900; Retained Earnings $47,000; and Treasury Stock, 400 shares, $8,800. Prepare the stockholders' equity section of the balance sheet. (Enter the account name only and do not provide the descriptive information provided in the question.) Sheffield Corp. Balance Sheet (Partial) Sheffield Corp. has these accounts at December 31: Common Stock, $8 par, 5,000 shares issued, $40,000; Paid-in Capital in Excess of Par $32,900; Retained Earnings $47,000; and Treasury Stock, 400 shares, $8,800. Prepare the stockholders' equity section of the balance sheet. (Enter the account name only and do not provide the descriptive information provided in the question.) Sheffield Corp. Balance Sheet (Partial)
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