Prepare the stockholders equity section of the balance sheet

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Problem - 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

Reference no: EM132683276

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