These account balances at December 31 relate to SportaidSportaid?, ?Inc.: Accoun

ID: 2525269 • Letter: T

Question

These account balances at December 31 relate to SportaidSportaid?, ?Inc.: Accounts Payable . . . . . . . . . $51,600 Paid-in Capital in Excess Accounts Receivable . . . . . . . 81,950 of Par—Common . . . . . . . . . . $260,000 Common Stock . . . . . . . . . . 313,000 Preferred Stock, 10%, $100 Par . . . . 84,000 Treasury Stock . . . . . . . . . . 5,600 Retained Earnings . . . . . . . . . . . . 71,800 Bonds Payable . . . . . . . . . . . 3,100 Notes Receivable . . . . . . . . . . . . . 12,300 What is total? stockholders' equity for SportaidSportaid?, ?Inc.? These account balances at December 31 relate to SportaidSportaid?, ?Inc.: Accounts Payable . . . . . . . . . $51,600 Paid-in Capital in Excess Accounts Receivable . . . . . . . 81,950 of Par—Common . . . . . . . . . . $260,000 Common Stock . . . . . . . . . . 313,000 Preferred Stock, 10%, $100 Par . . . . 84,000 Treasury Stock . . . . . . . . . . 5,600 Retained Earnings . . . . . . . . . . . . 71,800 Bonds Payable . . . . . . . . . . . 3,100 Notes Receivable . . . . . . . . . . . . . 12,300 What is total? stockholders' equity for SportaidSportaid?, ?Inc.? These account balances at December 31 relate to SportaidSportaid?, ?Inc.: Accounts Payable . . . . . . . . . $51,600 Paid-in Capital in Excess Accounts Receivable . . . . . . . 81,950 of Par—Common . . . . . . . . . . $260,000 Common Stock . . . . . . . . . . 313,000 Preferred Stock, 10%, $100 Par . . . . 84,000 Treasury Stock . . . . . . . . . . 5,600 Retained Earnings . . . . . . . . . . . . 71,800 Bonds Payable . . . . . . . . . . . 3,100 Notes Receivable . . . . . . . . . . . . . 12,300 What is total? stockholders' equity for SportaidSportaid?, ?Inc.?

Explanation / Answer

Stockholders' Equity

Paid in Capital:

Preferred Stock, 10%, $100 Par

$84,000

Common Stock

$313,000

Paid-in Capital in Excess

$260,000

Total paid in capital

$657,000

Retained Earnings

$71,800

Total Paid in Capital and retained earnings

$728,800

Less: Treasury Stock

$5,600

Total Stockholders' Equity

$723,200

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