prepare the paid in capital portion of the stockholders rsquo equity section of the 554396
EX 13-14 Reporting paid-in capital
The following accounts and their balances were selected from the unadjusted trial balance of CW Group Inc., a freight forwarder, at March 31, the end of the current fiscal year:
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prepare the paid in capital portion of the stockholders rsquo equity section of the 554396
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|
Preferred 1% Stock, $75 par |
$4,500,000 |
|
Paid-In Capital in Excess of Par—Preferred Stock |
180,000 |
|
Common Stock, no par, $8 stated value |
2,400,000 |
|
Paid-In Capital in Excess of Stated Value—Common Stock |
450,000 |
|
Paid-In Capital from Sale of Treasury Stock |
190,000 |
|
Retained Earnings |
11,570,000 |
Prepare the Paid-In Capital portion of the Stockholders’ Equity section of the balance sheet. There are 500,000 shares of common stock authorized and 100,000 shares of preferred stock authorized.
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