Charleston Corporation has the following accounts at December 31: Common Stock $10 par 7000 shares issued $70000; Paid-in Capital in Excess of Par $10000; Retained Earnings $45000; and Treasury Stock-Common 500 shares $10000. Prepare the stockholders' equity section of the balance sheet.

Question

Quizplus · Accepted Answer

The Answer of Charleston Corporation has the following accounts at December 31: Common Stock $10 par 7000 shares issued $70000; Paid-in Capital in Excess of Par $10000; Retained Earnings $45000; and Treasury Stock-Common 500 shares $10000. Prepare the stockholders' equity section of the balance sheet.

Charleston Corporation Has the Following Accounts at December 31: Common