Lerner Company Had the Following Transactions in 2013, Its First

question 36

Essay

Lerner Company had the following transactions in 2013, its first year of operations.
The company charter authorizes 1,000,000 shares of common stock and 100,000 shares of preferred stock.
Please provide the stockholders' equity section of the balance sheet at December 31, 2013. Include information on par values, and the number of shares authorized and issued, where necessary. No subtotals are needed for total paid-in capital, but please show total stockholders' equity on the bottom line.

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