On december 31, westworld inc. has the following equity accounts and balances: retained earnings, $45,000; common stock, $1,000; treasury stock, $2,000; paid-in capital in excess of par value, common stock, $39,000; preferred stock, $7,000; and paid-in capital in excess of par value, preferred stock, $3,000.

prepare the stockholders’ equity section of westworld’s balance sheet. (negative amount(s) should be indicated by a minus sign.)

15

explanation:

answer; exemplars;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.