Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the...

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Reporting Stockholders' Equity Using the following accounts and balances, prepare the Stockholders' Equity section of the...

Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet using Method 1 of Exhibit 8. 40,000 shares of common stock authorized, and 4,000 shares have been reacquired.

Common Stock, $70 par	$1,960,000
Paid-In Capital from Sale of Treasury Stock	118,000
Paid-In Capital in Excess of Par—Common Stock	504,000
Retained Earnings	1,078,000
Treasury Stock	53,000



Stockholders' Equity
Paid-In Capital:
	$

		$

Total Paid-in Capital		$

Total		$

Total Stockholders' Equity		$

business accounting

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Answer 1

Answer #1

solution 1960000 paid in capital: Common stock $170 par paid in capital in excess of par- - Common stock 504000 paid in Capit

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Answer 2

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