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Prepare equity section of the balance sheet.
The following account balances can be found in the general ledger of Abco Corporation at year-end. Prepare the shareholders' equity section of the balance sheet.
Retained earnings
$ 870,000
Treasury stock (8,000 common shares at cost)
64,000
Common stock ($1 par, 600,000 shares authorized,
200,000 shares issued)
200,000
Additional paid-in capital, common stock
1,500,000
Preferred stock ($10 par value, 9%, 80,000 shares authorized,
15,000 shares issued)
150,000
Additional paid-in capital, preferred stock
45,000
Using Excel and the data given below you are to evaluate the price of the bond and create and amortization schedule.
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