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Question: ayayai corporation had the following stockholders equity accounts on january...

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Ayayai Corporation had the following stockholders’ equity accounts on January 1, 2020: Common Stock ($5 par) $500,000, Paid-in Capital in Excess of Par—Common Stock $200,000, and Retained Earnings $120,000. In 2020, the company had the following treasury stock transactions.

Mar. 1 Purchased 5,500 shares at $9 per share.
June 1 Sold 1,000 shares at $13 per share.
Sept. 1 Sold 1,000 shares at $11 per share.
Dec. 1 Sold 1,500 shares at $7 per share.


Ayayai Corporation uses the cost method of accounting for treasury stock. In 2020, the company reported net income of $30,000.

Prepare the stockholders’ equity section for Ayayai Corporation at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.)

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