ACCOUNTING
Warren, Reeve and Duchac
Financial Accounting
Managerial Accounting
Carl Warren, James M. Reeve, Jonathan E. Duchac
Chapter 13
PR 13-4A Krisch Enterprises Inc. produces aeronautical navigation equipment. The stockholders’ equity accounts of Krisch Enterprises Inc., with balances on January 1,2010, are as follows:
Common Stock, $20 stated value (250,000 shares authorized, 175,000 shares issued) . . . $3,500,000
Paid-In Capital in Excess of Stated Value . . . 1,750,000
Retained Earnings. . .. . . 4,600,000
Treasury Stock (40,000 shares, at cost) . . . . 1,000,000
The following selected transactions occurred during the year: ... AND SO ON
Check: Total Stockholders’ Equity $11,407,975
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