Common treasury stock $10,700 Retained Earnings $76,150 dise ems eBook Calculato

Question

Common treasury stock $10,700

Retained Earnings $76,150

dise ems eBook Calculator Instructions Generalized Statement Instructions Stockholders' Equity Section 1. Prepare the stockholders' equity section of the balance sheet for Jackson for the year ended December 31, 20- s equity accounts had the following balances: Account Preferred Stock Subscriptions Receivable Common Stock Subscriptions Receivable Preferred Stock Subscribed Common Stock Subscribed Preferred Stock Common Stock Paid-In Capital in Excess of Par-Preferred Stock Balance Additlonal Informatlorn $13,150 9,700 57,750 $4 dividend, $5 par, 11,550 shares 29,500 $10 par, 2,950 shares 156,750 $4 dividend, $5 par, 31,350 Shares 243,500 $10 par, 24,350 shares 10,400

Explanation / Answer

Jackson Corporation Stockholder's Equity December 31, 20-- Paid in Capital Preferred stock, $4 dividends, $5 par, 31350 shares 156750 Preferred stock subscribed $4 dividends, $5 par, 11550 shares 57750 214500 Common stock, $10 par, 24350 shares 243500 Common stock subscribed, $10 par, 2950 shares 29500 273000 Additional paid in capital Paid in capital in excess of par-preferred stock 10400 Paid in capital from sale of treasury stock 1080 11480 Total paid in capital 498980 Retained earnings 76150 575130 Less Preferred stock subscriptions receivable 13150 Less Common stock subscriptions receivable 9700 Less Treasury stock 10700 33550 Total stockholder's equity 608680

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