The following stockholders’ equity accounts, arranged alphabetically, are in the

Question

The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017.

Prepare the stockholders’ equity section of the balance sheet at December 31, 2017. (Enter the account name only and do not provide the descriptive information provided in the question.)

Common Stock ($5 stated value) $1,500,000 Paid-in Capital in Excess of Par—Preferred Stock 280,000 Paid-in Capital in Excess of Stated Value—Common Stock 900,000 Preferred Stock (8%, $100 par) 500,000 Retained Earnings 1,234,000 Treasury Stock (10,000 common shares) 120,000

Explanation / Answer

STOCKHOLDERS'EQUITY Preferred Stock $              500,000 Common Stock $           1,500,000 Paid-in Capital in Excess of Par—Preferred Stock $              280,000 Paid-in Capital in Excess of Stated Value—Common Stock $              900,000 Retained Earnings $           1,234,000 Less: Treasury Stock $              120,000 Total stockholders'equity $4,294,000

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