Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2021: Common...
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Accounting
Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2021: Common Stock, $1 par value, 1,200,000 shares; Additional Paid-in Capital, $25 million; Retained Earnings, $13 million; and Treasury Stock, 50,000 shares, $1.00 million. Prepare the stockholders' equity section of the balance sheet. (Enter your answers in dollars, not in millions. Amounts to be deducted should be indicated with a minus sign.) PROM NIGHT FORMAL WEAR Balance Sheet (Stockholders' Equity Section) December 31, 2021 Stockholders' equity: Total paid-in capital Total stockholders' equity
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