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Make the Stockholders Equity section of the Balance Sheet

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Question - The following accounts are available for Martina Corp. on Dec 31, 2003.

Preferred stock, par value P100, 10,000 shares authorized Issued 5,000 shares P500,000

Common stock, par value P50, 50,000 shares authorized, Issued 15,000 shares 750,000

Paid-in capital in excess of par value-preferred 15,000

Paid-in capital in excess of par value - common 35,000

Subscribed common stock (500 shares) 50,000

Subscribed receivable - common 10,000

Subscribe preferred stock (1,000 shares) 100,000

Subscriptions receivable-preferred 40,000

Retained earnings 415,000

Treasury stock -common (2,000 shares at cost) 90,000

Required - Make the Stockholders' Equity section of the Balance Sheet on Dec 31, 2003?

Reference no: EM133031023

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