:4:40:42 Reginia Chaney: Attempt 2 Paid in Capital in excess of par, 4,500 Prefe

Question

:4:40:42 Reginia Chaney: Attempt 2 Paid in Capital in excess of par, 4,500 Preferred Stock Retained Earnings Bonds Payable Preferred Stock, $100 par, 5% 150,000 85,000 45,000 cumulative On December 31, 2016, Common Stock was authorized 50,000 shares and Preferred Stock was authorized 5,000 shares. Prepare only the Stockholder's Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.

Explanation / Answer

Solution:

Alpha Dog Company Balance Sheet - Stockholder's Equity Section 31-Dec-16 Particulars Amount Stockholders Equity: Common stock, $5 par value, 50000 shares authorized and 32,000 shares issued $160,000.00 Preferred stock, $100 par value, 5000 shares authorized and 450 shares issued $45,000.00 Paid-in capital in excess of par—common stock $30,000.00 Paid-in capital in excess of par—preferred stock $4,500.00 Total contributed capital $239,500.00 Retained Earnings $150,000.00 Treasury Stock -$25,000.00 Total Stockholder's Equity $364,500.00

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