Treasury Stock Balance Sheet Stockholders' Equity Paid-in capital: Paid-in capital, common stock Total paid-in capital Total 8 00000 24,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Reporting Stockholders' Equity
Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 80,000 shares of common
stock authorized, and 2,000 shares have been reacquired.
Common Stock, $50 par
Paid-In Capital from Sale of Treasury Stock
Paid-In Capital in Excess of Par-Common Stock
Retained Earnings
Treasury Stock
Stockholders' Equity
Paid-in capital:
Balance Sheet
Paid-in capital, common stock
Total paid-in capital
Total
8
$2,400,000
48,000
576,000
1,152,000
24,000
Transcribed Image Text:< Reporting Stockholders' Equity Using the following accounts and balances, prepare the "Stockholders' Equity" section of the balance sheet. 80,000 shares of common stock authorized, and 2,000 shares have been reacquired. Common Stock, $50 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock Retained Earnings Treasury Stock Stockholders' Equity Paid-in capital: Balance Sheet Paid-in capital, common stock Total paid-in capital Total 8 $2,400,000 48,000 576,000 1,152,000 24,000
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