The balance sheet of Quartz, Inc., at December 31, 20X5, reported 500,000 shares of $1 par common stock authorized with 100,000 shares issued. Paid-In Capital in Excess of Par had a balance of $300,000. Retained Earnings had a balance of $101,000. During 20X6, the company completed the following selected transactions:

Required

1. Record the transactions in the general journal. Explanations are not required.

2. Prepare the stockholders’ equity section of the balance sheet at December 31, 20X6.

 

Alpha Geek

(8)

Status NEW Posted 02 Jun 2017 09:06 AM My Price 6.00

-----------

Attachments

1496397015-2060281_1_636319539482235438_ans1.PNG

1496397017-2060281_2_636319539482235438_ans2.PNG

Not Rated(0)

• Buy Answer