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Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 100,000 shares of common stock aut shares have been reacquired. Common Stock, $80 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $5,600,000 168,000 1,330,000 2,968,000 84,000

Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 100,000 shares of common stock aut shares have been reacquired. Common Stock, $80 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $5,600,000 168,000 1,330,000 2,968,000 84,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 100,000 shares of common stock authorized, and 2,000 shares have been reacquired. Common Stock, $80 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $5,600,000 168,000 1,330,000 2,968,000 84,000
Transcribed Image Text:Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 100,000 shares of common stock authorized, and 2,000 shares have been reacquired. Common Stock, $80 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock $5,600,000 168,000 1,330,000 2,968,000 84,000
Stockholders' Equity Paid-in capital: Common Stock, $80 Par (100,000 Shares Authorized, 70,000 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock Total paid-in capital Retained Earnings Total Treasury Stock Balance Sheet Total stockholders' equity 5,600,000 $ $ tA 168,000 2,968,000 84,000
Transcribed Image Text:Stockholders' Equity Paid-in capital: Common Stock, $80 Par (100,000 Shares Authorized, 70,000 Shares Issued) Excess of Issue Price Over Par Paid-in capital, common stock From Sale of Treasury Stock Total paid-in capital Retained Earnings Total Treasury Stock Balance Sheet Total stockholders' equity 5,600,000 $ $ tA 168,000 2,968,000 84,000
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