Question

On october 10 the stockholders equity of sherman systems

Answer 1

On October 10, the stockholders’ equity of Sherman Systems appears as follows: Common stock–$10 par value, 72,000 shares authorized, issued, and outstanding $ 720,000 Paid-in capital in excess of par value, common stock 216,000 Retained earnings 864,000 Total stockholders’ equity $ 1,800,000 1.