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Problem 13-5A
The following stockholders equity accounts arranged alphabetically are in the ledger of Galindo Corporation at December 31, 2017.
| Common Stock ($5 stated value) | | $2,030,000 |
| Paid-in Capital from Treasury Stock | | 10,000 |
| Paid-in Capital in Excess of ParPreferred Stock | | 675,000 |
| Paid-in Capital in Excess of Stated ValueCommon Stock | | 1,590,000 |
| Preferred Stock (8%, $50 par) | | 775,000 |
| Retained Earnings | | 1,746,000 |
| Treasury Stock (10,500 common shares) | | 136,500 |
Prepare a stockholders equity section at December 31, 2017.
Prepare a stockholders' equity section at December 31, 2017. (Enter the account name only a GALINDO CORPORATION Balance Sheet (Partial)
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