Using the following information, prepare the Stockholders equity section of the balance sheet. 70,000 shares...
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Accounting
Using the following information, prepare the Stockholders equity section of the balance sheet. 70,000 shares of common stock are authorized and 7,000 shares have been reacquired.
Common Stock, $75 par $4,725,000
Paid-In Capital in Excess of Par 679,000
Paid-In Capital from Sale of Treasury Stock 25,200
Retained Earnings 2,032,800
Treasury Stock 600,000
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