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April 24, 2014

Homework Help: accounting

Posted by Anonymous on Tuesday, January 15, 2013 at 11:31pm.

The following stockholders' equity accounts arranged alphabetically are in the ledger of McGrath Corporation at December 31, 2011.








Common Stock ($10 stated value)

$1,500,000



Paid-in Capital from Treasury Stock

6,000



Paid-in Capital in Excess of Stated Value-Common Stock

690,000



Paid-in Capital in Excess of Par Value-Preferred Stock

288,400



Preferred Stock (8%, $100 par, noncumulative)

400,000



Retained Earnings

776,000



Treasury Stock-Common (8,000 shares)

88,000


Complete the stockholders' equity section at December 31, 2011.

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