Answered: sing the following accounts and…

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 4CE: Prepare the stockholders equity section of the balance sheet based on the following account...

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sing the following accounts and balances, prepare the “Stockholders’ Equity” section of the balance sheet. 100,000 shares of common stock authorized, and 1,000 shares have been reacquired.
Common Stock, $70 par
$4,900,000
Paid-In Capital from Sale of Treasury Stock
294,000
Paid-In Capital in Excess of Par—Common Stock
1,750,000
Retained Earnings
2,254,000
Treasury Stock
138,000

Balance Sheet
Stockholders' Equity

Paid-in capital:

$
fill in the blank 2

fill in the blank 4

Paid-in capital, common stock

$
fill in the blank 5

fill in the blank 7

Total paid-in capital

$
fill in the blank 8

Total

Total stockholders' equity

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