Problem - Reporting Stockholders Equity

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Problem - Reporting Stockholders' Equity

Using the following accounts and balances, prepare the Stockholders' Equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 2,500 shares have been reacquired.

Common Stock, $120 par $4,800,000

Paid-In Capital in Excess of Par 600,000

Paid-In Capital from Sale of Treasury Stock 59,000

Retained Earnings 7,138,500

Treasury Stock 287,500

Reference no: EM132683272

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