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14.04.2020 •
Business
Williamson Corporation was organized to operate a tax preparation business. The charter authorized the following stock: common stock, $2 par value, 80,000 shares authorized. During the first year, the following selected transactions were completed: Sold 50,000 shares of common stock for cash at $50 per share. Repurchased 2,000 shares from a stockholder for cash at $52 per share. 2. Prepare the stockholders' equity section of the balance sheet at the end of the year. (Amounts to be deducted should be indicated with a minus sign.)
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