PE 13-6B Reporting stockholders’ equity
Using the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet. Two-hundred thousand shares of common stock are authorized, and 24,000 shares have been reacquired.
|
Common Stock, $15 par |
$2,400,000 |
|
Paid-In Capital in Excess of Par |
480,000 |
|
Paid-In Capital from Sale of Treasury Stock |
100,000 |
|
Retained Earnings |
5,275,000 |
|
Treasury Stock |
336,000 |