These account balances at December 31 relate to Sportplace, Inc.:Accounts Payable ........................ $ 51,700Accounts Receivable....................Common Stock ...........................81,050Treasury Stock ............................Bonds Payable .............................313,0005,7003,300Paid-in Capital in Excessof Par—Common................................. $240,000Preferred Stock, 10%, $100 Par................Retained Earnings.....................................Notes Receivable.......................................85,00071,90012,800Q10-62. What is total paid-in capital for Sportplace? (Assume that treasury stock does notreduce total paid-in capital.)a. $632,300b. $709,900c. $643,700d. $638,000e. None of the above
These account balances at December 31 relate to Sportplace, Inc.:
Accounts Payable ........................ $ 51,700
Accounts Receivable....................
Common Stock ...........................
81,050
Bonds Payable .............................
313,000
5,700
3,300
Paid-in Capital in Excess
of Par—Common................................. $240,000
Preferred Stock, 10%, $100 Par................
Retained Earnings.....................................
Notes Receivable.......................................
85,000
71,900
12,800
Q10-62. What is total paid-in capital for Sportplace? (Assume that treasury stock does not
reduce total paid-in capital.)
a. $632,300
b. $709,900
c. $643,700
d. $638,000
e. None of the above
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