Paid-in capital in excess of par value 20000 retained


1. Ermler Corporation has the following accounts at December 31: Common Stock, $10 par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par Value $20,000; Retained Earnings $45,000; and Treasury Stock-Common, 500 shares, $11,000. Prepare the stockholders' equity section of the balance sheet. 

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Accounting Basics: Paid-in capital in excess of par value 20000 retained
Reference No:- TGS01516391

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