Exercise 13-11 arranged alphabetically, are in the ledger of Eudaley Corporation

Question

Exercise 13-11 arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017 Common Stock ($4 stated value) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $100 par) Retained Earnings · $1,380,000 279,000 510,000 1060,000 120,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter the account name only and do not provide the descriptive information pro in the question.) TION

Explanation / Answer

Stockholder's equity

Paid in capital              Preferred stock 8%,$100 par $510,000              common stock ($4 stated value) $1,380,000            paid in capital in excess of par - preferred stock $279,000            Paid in capital in excess of stated value - common stock $929,000 Retained earnings 1,060,000 Treasury stock ($120,000) Total stockholder's equity $4,038,000

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