Destiny-19 Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($4 par) $400,000, Paid-in Capital in Excess of Par-Common Stock $210,000, and Retained Earnings...


I need some help with the stockholders equity section of my balance sheet.  I have attached images of my spreadsheets (Balance sheet and inputs).  I need to understand how to calculate the Paid-in capital in Excess of Common Stock and the Tresury Stock fields.  My answer keeps getting bounced back.


Destiny-19 Corporation had the following stockholders' equity accounts on January 1, 2022:<br>Common Stock ($4 par) $400,000, Paid-in Capital in Excess of Par-Common Stock $210,000, and<br>Retained Earnings $110,000. In 2022, the company had the following treasury stock transactions.<br>Paid-In Capital from Treasury Stock<br>Mar.1Purchased 7,000 shares at $9 per share.<br>June1Sold 1,500 shares at $13 per share.<br>1-Dec<br>4500<br>1-Jun<br>6000<br>Sept.1Sold 1,500 shares at $11 per share.<br>Dec.1Sold 1,500 shares at $6 per share.<br>1-Sep<br>3000<br>Bal<br>4500<br>Destiny-19 Corporation uses the cost method of accounting for treasury stock. In 2022, the<br>company reported net income of $28,000.<br>Treasury Stock<br>1-Mar<br>63000<br>1-Jun<br>13500<br>Date<br>Account Title<br>Debit<br>Credit<br>1-Sep<br>13500<br>1-Mar<br>Treasury Stock (7000*9)<br>63000<br>1-Dec<br>13500<br>Cash<br>63000<br>Bal<br>22500<br>1-Jun<br>Cash<br>19500<br>Retained Earnings<br>Paid-In Capital Treasury Stock<br>6000<br>Treasury Stock (1500*13)<br>13500<br>Bal<br>110000<br>1-Sep<br>Cash (1,500*11)<br>16500<br>1-Dec<br>28000<br>Paid-In Capital Treasury Stock<br>3000<br>Bal<br>138000<br>Treasury Stock (1500*9)<br>13500<br>1-Dec<br>Cash (1500*6)<br>9000<br>Paid-In Capital Treasury Stock<br>4500<br>Treasury Stock (1500*9)<br>13500<br>31-Dec<br>Income Summary<br>28000<br>Retained Earnings<br>28000<br>

Extracted text: Destiny-19 Corporation had the following stockholders' equity accounts on January 1, 2022: Common Stock ($4 par) $400,000, Paid-in Capital in Excess of Par-Common Stock $210,000, and Retained Earnings $110,000. In 2022, the company had the following treasury stock transactions. Paid-In Capital from Treasury Stock Mar.1Purchased 7,000 shares at $9 per share. June1Sold 1,500 shares at $13 per share. 1-Dec 4500 1-Jun 6000 Sept.1Sold 1,500 shares at $11 per share. Dec.1Sold 1,500 shares at $6 per share. 1-Sep 3000 Bal 4500 Destiny-19 Corporation uses the cost method of accounting for treasury stock. In 2022, the company reported net income of $28,000. Treasury Stock 1-Mar 63000 1-Jun 13500 Date Account Title Debit Credit 1-Sep 13500 1-Mar Treasury Stock (7000*9) 63000 1-Dec 13500 Cash 63000 Bal 22500 1-Jun Cash 19500 Retained Earnings Paid-In Capital Treasury Stock 6000 Treasury Stock (1500*13) 13500 Bal 110000 1-Sep Cash (1,500*11) 16500 1-Dec 28000 Paid-In Capital Treasury Stock 3000 Bal 138000 Treasury Stock (1500*9) 13500 1-Dec Cash (1500*6) 9000 Paid-In Capital Treasury Stock 4500 Treasury Stock (1500*9) 13500 31-Dec Income Summary 28000 Retained Earnings 28000
Destiny-19 Corporation<br>Balance Sheet (Partial)<br>December 31, 2022<br>Stock Holder's Equity<br>Paid-In Capital<br>Capital Stock<br>Common Stock<br>400000<br>Additional Paid-in Capital<br>Paid-in Capital in Excess of Par-CommonStock<br>Paid-in Capital in Excess of Par-CommonStock<br>4500<br>Total Additional Paid-in Capital<br>Total Paid-in Capital<br>Retained Earnings<br>138000<br>Total Paid-in Capital and Retained Earnings<br>Less<br>Treasury Stock<br>Total Stockholders Equity<br>

Extracted text: Destiny-19 Corporation Balance Sheet (Partial) December 31, 2022 Stock Holder's Equity Paid-In Capital Capital Stock Common Stock 400000 Additional Paid-in Capital Paid-in Capital in Excess of Par-CommonStock Paid-in Capital in Excess of Par-CommonStock 4500 Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings 138000 Total Paid-in Capital and Retained Earnings Less Treasury Stock Total Stockholders Equity
Jun 08, 2022
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