Reporting Stockholders' Equity Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the balance sheet. 90,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $30 par $1,890,000 Paid-In Capital from Sale of Treasury Stock 76,000 Paid-In Capital in Excess of Par—Common Stock 252,000 Retained Earnings 850,000 Treasury Stock 38,000
Reporting Stockholders' Equity Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the balance sheet. 90,000 shares of common stock authorized, and 10,000 shares have been reacquired. Common Stock, $30 par $1,890,000 Paid-In Capital from Sale of Treasury Stock 76,000 Paid-In Capital in Excess of Par—Common Stock 252,000 Retained Earnings 850,000 Treasury Stock 38,000
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter20: Corporations: Organization And Capital Stock
Section: Chapter Questions
Problem 5SEA: STOCKHOLDERS EQUITY SECTION After closing its books on December 31, Pro Parts stockholders equity...
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Reporting
Using the following accounts and balances, prepare the “Stockholders’ Equity” section of the balance sheet. 90,000 shares of common stock authorized, and 10,000 shares have been reacquired.
Common Stock, $30 par | $1,890,000 |
Paid-In Capital from Sale of |
76,000 |
Paid-In Capital in Excess of Par—Common Stock | 252,000 |
850,000 | |
Treasury Stock | 38,000 |
Balance Sheet | ||
Stockholders' Equity | ||
Paid-in capital: | ||
Common Stock, $30 Par (90,000 Shares Authorized, 63,000 Shares Issued) | $fill in the blank 2 | |
Excess of Issue Price Over Par | fill in the blank 4 | |
Paid-in capital, common stock | $fill in the blank 5 | |
From Sale of Treasury Stock | fill in the blank 7 | |
Total paid-in capital | $fill in the blank 8 | |
Retained Earnings | fill in the blank 10 | |
Total | $fill in the blank 11 | |
Treasury Stock | fill in the blank 13 | |
Total stockholders' equity |
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