Ayayai Corp. has these accounts at December 31: Common Stock,
$10 par, 4,500 shares issued, $45,000; Paid-in Capital in Excess of
Par Value $18,000; Retained Earnings $43,000; and Treasury Stock,
400 shares, $8,800.
Prepare the stockholders’ equity section of the balance
sheet.
SOLUTION
Stockholders' equity | |
Paid-in capital | |
Capital Stock | |
Common Stock, $10 par, 4,500 shares issued | 45,000 |
Additional paid-in capital | |
Paid in capital in excess of par value-common stock | 18,000 |
Total paid in capital | 63,000 |
Retained earnings | 43,000 |
Total paid-in capital and retained earnings | 106,000 |
Less: Treasury stock | (8,800) |
Total stockholders' equity | 97,200 |
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