Reference no: EM132629985
Question - The following accounts appear in the ledger of Aston Corporation after the books are closed at December 31, 2008.
Common Stock, $1 par value, 500,000 shares authorized, 400,000 shares issued $400,000
Paid-in Capital in Excess of Par Value-Common Stock 650,000
Preferred Stock, $100 par value, 8%, 10,000 shares authorized; 2,000 shares issued 200,000
Retained Earnings 950,000
Treasury Stock (10,000 common shares) 85,000
Paid-in Capital in Excess of Par Value-Preferred Stock 310,000
Required - Prepare the stockholders' equity section at December 31, 2008.
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