The following stockholders’ equity accounts, arranged alphabetically, are in the
ID: 2342748 • Letter: T
Question
The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017.Common Stock ($5 stated value) $1,705,000 Paid-in Capital in Excess of Par—Preferred Stock 281,000 Paid-in Capital in Excess of Stated Value—Common Stock 945,000 Preferred Stock (8%, $101 par) 469,650 Retained Earnings 1,110,000 Treasury Stock (10,500 common shares) 126,000
Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.( the ones in green are correct and the red ones are wrong, please provide me the correct accounts and numerical values thanks) The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017.
Common Stock ($5 stated value) $1,705,000 Paid-in Capital in Excess of Par—Preferred Stock 281,000 Paid-in Capital in Excess of Stated Value—Common Stock 945,000 Preferred Stock (8%, $101 par) 469,650 Retained Earnings 1,110,000 Treasury Stock (10,500 common shares) 126,000
Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.( the ones in green are correct and the red ones are wrong, please provide me the correct accounts and numerical values thanks) The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017.
Common Stock ($5 stated value) $1,705,000 Paid-in Capital in Excess of Par—Preferred Stock 281,000 Paid-in Capital in Excess of Stated Value—Common Stock 945,000 Preferred Stock (8%, $101 par) 469,650 Retained Earnings 1,110,000 Treasury Stock (10,500 common shares) 126,000
Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.( the ones in green are correct and the red ones are wrong, please provide me the correct accounts and numerical values thanks) Partial December 31, 201 Stockholders' Equity Capital Stock 469650 Preferred Stock Common Stock Total Capital Stock 2X Paid-in Capital Preferred Stock 945000 Common Stock 281000 Total Additional Paid-in Capita Total Paid-in Capita re to search
Explanation / Answer
Answer
Partial Balance Sheet
at Dec 31, 2017
STOCKHOLDER'S EQUITY
Paid In Capital
Capital Stock:
Preferred Stock
$ 469,650.00
Common Stock
$ 1,705,000.00
Total Capital Stock
$ 2,174,650.00
Additional Paid in Capital:
Paid in Capital in excess of Stated Value - Common Stock
$ 945,000.00
Paid in Capital in excess of Par - Preferred Stock
$ 281,000.00
Total Additional Paid in Capital
$ 1,226,000.00
Total Paid in Capital
$ 3,400,650.00
Retained Earnings
$ 1,110,000.00
Total Paid in Capital & Retained Earnings
$ 4,510,650.00
Less:
Treasury Stock
$ 126,000.00
Total Stockholder's Equity
$ 4,384,650.00
Partial Balance Sheet
at Dec 31, 2017
STOCKHOLDER'S EQUITY
Paid In Capital
Capital Stock:
Preferred Stock
$ 469,650.00
Common Stock
$ 1,705,000.00
Total Capital Stock
$ 2,174,650.00
Additional Paid in Capital:
Paid in Capital in excess of Stated Value - Common Stock
$ 945,000.00
Paid in Capital in excess of Par - Preferred Stock
$ 281,000.00
Total Additional Paid in Capital
$ 1,226,000.00
Total Paid in Capital
$ 3,400,650.00
Retained Earnings
$ 1,110,000.00
Total Paid in Capital & Retained Earnings
$ 4,510,650.00
Less:
Treasury Stock
$ 126,000.00
Total Stockholder's Equity
$ 4,384,650.00
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