The following stockholders\' equity accounts, arranged alphabetically, are in th
ID: 2571939 • Letter: T
Question
The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Ryder Corporation at December 31, 2017. Common Stock ($2 stated value) $1,600,000 Paidin Capital in Excess of Par Value—Preferred Stock 45,000 Paidin Capital in Excess of Stated Value—Common Stock 1,050,000 Preferred Stock (8%, $100 par, noncumulative) 600,000 Retained Earnings 1,334,000 Treasury Stock (12,000 common shares) 72,000 Instructions Prepare the stockholders' equity section of the balance sheet at December 31, 2017. Prepare a stockholders' equity section.
Explanation / Answer
Answer:
Ryder Corporation
Stockholders' Equity
As at 31-Dec-17
Amount $
Amount $
Capital stock
Preferred stock (8%, $100 par, noncumulative) ,6000 share
issued and outstanding
600,000
Common stock ($2 stated value) 812,000 share
issued and 800,000outstanding
1,600,000
Total capital stock
2,200,000
Additional paid-in capital
Paid-in Capital in Excess of Par Value-Preferred Stock
45,000
Paid-in Capital in Excess of Stated Value-Common Stock
1,050,000
Total paid-in capital . . .
1,095,000
Retained earnings .
1,334,000
Total paid-in capital and retained earnings
4,629,000
Less: Treasury stock-common (12,000 shares)
-72000
Total stockholders' equity
4,557,000
Ryder Corporation
Stockholders' Equity
As at 31-Dec-17
Amount $
Amount $
Capital stock
Preferred stock (8%, $100 par, noncumulative) ,6000 share
issued and outstanding
600,000
Common stock ($2 stated value) 812,000 share
issued and 800,000outstanding
1,600,000
Total capital stock
2,200,000
Additional paid-in capital
Paid-in Capital in Excess of Par Value-Preferred Stock
45,000
Paid-in Capital in Excess of Stated Value-Common Stock
1,050,000
Total paid-in capital . . .
1,095,000
Retained earnings .
1,334,000
Total paid-in capital and retained earnings
4,629,000
Less: Treasury stock-common (12,000 shares)
-72000
Total stockholders' equity
4,557,000
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