(Solution) - The following accounts and their balances were -(2025 Original AI-Free Solution)

Paper Details

The following accounts and their balances were selected from the unadjusted trial balance of CW Group Inc., a freight forwarder, at March 31, the end of the current fiscal year:

Preferred 1% Stock, $75 par................$ 4,500,000
Paid-In Capital in Excess of par-preferred Stock ....... 180,000
Common Stock, no par, $8 stated value.......... 2,400,000
Paid-In Capital in Excess of Stated value-Common Stock..... 450,000
Paid-In Capital from Sale of Treasury Stock........ 190,000
Retained Earnings................... 11,570,000

Prepare the paid-In Capital portion of the Stockholders? Equity section of the balance sheet. There are 500,000 shares of common stock authorized and 100,000 shares of preferred stock authorized.