Reference no: EM133122871

Question - At the start of 2021, QY Company's equity accounts appeared as follows: Common stock, P15 par value; authorized 200,000 shares; issued and outstanding, 150,000 shares 2,250,000

Paid-in capital in excess of par 300,000

Retained earnings 12,000,000

During the year, QY Company entered into the following transactions

Acquired 100,000 shares of its stock for P1,800,000

Reissued 30,000 treasury shares at P19 per share

Reissued 45,000 treasury shares at 16 per share

Retired the remaining treasury shares

Required - Present the stockholders' equity section of QY Company?