edugen.wileyplus.com Online English S WileyPLUS Assignment Gradebook ORION Downl

Question

edugen.wileyplus.com Online English S WileyPLUS Assignment Gradebook ORION Downloadable eTextbook ent FULL SCREEN PRINTER VERSTON BACK Exercise 14-11 The following accounts appear in the ledger of Horner Inc. after the books are closed at December 31 Common Stock, no par, $3 stated value, 393,000 shares authorized; 282,000 shares issued Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock, $6 par value, 8%, 36,000 shares authorized; 25,500 shares issued Retained Earnings Treasury Stock (11,500 common shares) Paid-in Capital in Excess of Par-Preferred Stock $846,000 29,000 130,000 153,000 814,000 89,700 350,000 Prepare the stockholders' $100,000. (Enter account name only and do not provide descriptive information.) equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount HORNER INC. Balance Sheet (Partial). ecy Policy I 2000-2018 John Wiley& Sons Inc, All Rights Reserved. A Division of Jahn Wiley & Sons, Inc. Version 4.24.5 20 F3 3

Explanation / Answer

Balance sheet (partial) Stockholders Equity Paid in capital Capital stock Preferred stock 153,000 common stock 846,000 common stock dividend 29,000 875,000 total capital stock 1,028,000 Addittional paid in capital paid in capital in excess of par-preferred stock 350,000 paid in capital in excess of par-Common stock 130,000 total addittional paid in capital 480,000 total paid in capital 1,508,000 Retained earnings 814,000 total paid in capital and retained earnings 2,322,000 less treasury stock -89,700 total stockholders equity 2,232,300

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.