Final answer:
The common stock entry in an end-of-period spreadsheet is recorded in the owner's equity section of the balance sheet. It represents the ownership interest of shareholders, including the par value and additional paid-in capital.
Step-by-step explanation:
The common stock entry in an end-of-period spreadsheet is typically recorded in the owner's equity section of the balance sheet. It represents the ownership interest of shareholders in the company. The entry includes the par value (if any) of the common stock and the additional paid-in capital, which is the amount received from investors in excess of the stock's par value. For example, if a company issued 1,000 shares of common stock with a par value of $1 per share and received $10,000 from investors, the common stock entry would be:
Common Stock $1,000
Additional Paid-in Capital $9,000