accounting

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E11-9 The following stockholders’ equity accounts, arranged alphabetically, are in the
ledger of Marvel Corporation at December 31, 2007.
Common Stock ($5 stated value) $1,500,000
Paid-in Capital in Excess of Par Value—Preferred Stock 45,000
Paid-in Capital in Excess of Stated Value—Common Stock 1,050,000
Preferred Stock (8%, $100 par, noncumulative) 500,000
Retained Earnings 1,134,000
Treasury Stock—Common (8,000 shares) 78,000
Instructions
Prepare the stockholders’ equity section of the balance sheet at December 31, 2007

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