The Following Accounts and Their Balances Appear in the Ledger

question 66

Essay

The following accounts and their balances appear in the ledger on December 31 of the current year:
? $$\begin{array} { l r } \text { Common Stock, } \$ 20 \text { par } & \$ 400,000 \\\text { Paid-In Capital in Excess of Par } & 44,000 \\\text { Retained Earnings } & 265,000 \\\text { Treasury Stock } & 20,000\end{array}$$ ?
Prepare the Stockholders' Equity section of the balance sheet as of December 31.Twenty five thousand shares of common stock are authorized, and 1,000 shares have been reacquired.

---

Definitions:

Elder Care

The provision and management of care services and support for the elderly.

Disengagement Theory

A theory suggesting that aging individuals gradually withdraw from social roles and relationships as a natural part of aging.

Relationships

Connections or associations between people, whether personal, social, or professional.

Age in Place

Being able to safely, independently, and comfortably live in one’s own home and community, no matter the individual’s age, income, or ability level.