Exercise 11-9 The following stockholders\' equity accounts, arranged alphabetica
ID: 2522091 • Letter: E
Question
Exercise 11-9 The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Grouper Corp. at December 31, 2017. Common Stock ($2 stated value) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (6%·$100 par, noncumulative) Retained Earnings Treasury Stock (13,200 common shares) $1,760,000 49,500 1,155,000 660,000 1,467,400 79,200 Prepare the stockholders' equity section of the balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) GROUPER CORP Partial Balance Sheet Capital Stock Preferred Stock Common Stock Tota Capital Stock ?0 9 2 3 4Explanation / Answer
GROUPER CORP
PERTIAL BALANCE SHEET
- Capital stock
- Preferred Stock $6,60,000
- Common Stock $17,60,000
- Total capital stock $24,20,000
-Additional paid-in capital
-Paid-in Capital in Excess of Par Value - Preferred Stock $49,500
-Paid-in Capital in Excess of Stated Value - Common Stock $11,55,000
-Total Additional paid-in capital $12,04,500
-Total Paid in Capital $36,24,500
-Retained Earnings $14,67,400
-Total paid-in capital and retained earnings $50,91,900
-Less: Treasury Stock $79200
-Total stockholders' equity $50,12,700
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