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ID: 2434050 • Letter: X
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x.Hmellspacing="0" cellpadding="0" width="100%" border="0"> The following stockholders' equity accounts arranged alphabetically are in the ledger of Tyner Corporation at December 31, 2010. Common Stock ($6 stated value) $2,403,600 Paid-in Capital from Treasury Stock 10,910 Paid-in Capital in Excess of Stated Value-Common Stock 1,599,200 Paid-in Capital in Excess of Par Value-Preferred Stock 652,800 Preferred Stock (8%, $51 par, noncumulative) 802,230 Retained Earnings 1,749,000 Treasury Stock-Common (10,800 shares) 140,400 Instructions Prepare a stockholders' equity section at December 31, 2010. (For multiple entries, refer to the example on page 589 DO IT! in the textbook for the proper order.) TYNER CORPORATION Stockholders' equity , $ par value, noncumulative shares issued and outstanding $ , $ stated value, shares issued and shares outstandingExplanation / Answer
Stockholder's Equity Paid-in Capital Capital Stock Preferred Stock, $51 par value,noncumulative 15,730 shares issued andoutstanding 802,230 Common Stock $6 stated value 400,600 shares issued 389,800 sharesoutstanding 2,403,600 Total CapitalStock 3,205,830 Additional Paid-In Capital Excess of Par Value-PreferredStock 652,800 Excess of Stated Value-CommonStock 1,599,200 From TreasuryStock 10,910 Total AdditionalPaid-InCapital 2,262910 Total Paid inCapital 5,468,740 RetainedEarnings 1,749,000 Less: TreasuryStock-Common ( 140,400) (10,800 shares) Total Stockholder'sEquity 7,077,340
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