Prepare the stockholders equity section of the balance sheet


Question: Big Apple Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,800,000 shares issued; Additional Paid- in Capital, $16.20 million; Retained Earnings, $9.20 million; and Treasury Stock, 42,000 shares, $0.924 million. Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be indicated by a minus sign. Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000) BIG APPLE APPAREL Balance Sheet (Stockholders' Equity Section) December 31 Stockholders' equity: Total paid-in capital 0 Total stockholders' equity

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Accounting Basics: Prepare the stockholders equity section of the balance sheet
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