olowing sckholkdters equity accounts ane in the ledger of Bart Corporation atl D
ID: 2437398 • Letter: O
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olowing sckholkdters equity accounts ane in the ledger of Bart Corporation atl December 31,2017 $1,800.000 Common Stock ($ 10 stated value) Retained Eamings Paen Captal Excess of Par-Pntnned Sock Paid in Capital in Excess of Stated Value-Common Stock Treasury Stock-Common (B 000 shares) Prelemed Stock (8%, $50 par, nonumdale) 580.000 240,000 Instructions Prepare the stockholders' equity section of the balance sheet at December 31, 2017 assuming that the number of authorined common stock shares is 220,000 and the number of authorized preferred shares is 50,000 Note: Write clearly and use proper labels (do not abbreviatej. To eern Aet credit you must write down the appropviate levels for each shown amount BART CORPORATION Balance Sheet (Partial) December 31, 2017Explanation / Answer
Stockholder's equity: Authorised Stockcapital: 220000 common Shares $10 2200000 50000 8% Preferred Shares $ 50 2500000 Issued: 180000 issued Common Stock of $10 1800000 15000 8% Preferred Stock $50 each 750000 Additional paid in capital-Common 580000 Additional paid in capital-Preferred 320000 Total Paid in capital 3450000 Retained earnings 950000 Total Stockholder's equity 4400000
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