Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom Wiley
ID: 2328264 • Letter: R
Question
Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx C Help I System Announcements apter 1 SHOW LIST OF ACCOUNTS LINK TO TEXT -05 1-06 1-07 Prepare an owner's equity statement for June assuming the following data are not included above: (1 expense was incurred but not paid. (List items that increase owner's equity first.) SHERIDAN DESIGNS CO. Owner's Equity Statement ore sults by Study Click if you would like to Show Work for this question: Open Show Work sOW LIST OF ACCOUNTSsExplanation / Answer
Sheridan Designs Co.
Owners' equity statement (Amounts have been assumed)
Particulars
Amount ($)
Amount ($)
Common stock
150,000.00
Preferred stock
100,000.00
Add: Paid in capital excess of par value-preferred stock
50,000.00
Add: Paid in capital excess of par value-Common stock
20,000.00
70,000.00
320,000.00
Add: Retained earnings
15,000.00
Add: Accumulated other comprehensive income
7,800.00
22,800.00
342,800.00
Less: Treasury stock
2,800.00
Owners' equity
340,000.00
Sheridan Designs Co.
Owners' equity statement (Amounts have been assumed)
Particulars
Amount ($)
Amount ($)
Common stock
150,000.00
Preferred stock
100,000.00
Add: Paid in capital excess of par value-preferred stock
50,000.00
Add: Paid in capital excess of par value-Common stock
20,000.00
70,000.00
320,000.00
Add: Retained earnings
15,000.00
Add: Accumulated other comprehensive income
7,800.00
22,800.00
342,800.00
Less: Treasury stock
2,800.00
Owners' equity
340,000.00
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