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Category > Accounting Posted 20 Apr 2017 My Price 10.00

Quiet Company A+ SOLUTION

Prepare the Statement of Stockholders Equity Section

elow is a list of accounts and final balances for Quiet Company as of December 31, 2009.

Common Stock=$225,000

Long term notes Receivables=$85,000

Bonds Payable=$120,000

Discount on bonds payable=$45,000

Preferred Stock Subscribed=



$60,000

Additional Paid in Capital Common Stock=$850,000

Additional Paid in Capital Preferred Stock=$20,000

Common Stock Subscribed=$120,000

Goodwill=



$38,000

Investments in Debt Securities=$45,000

Donated Capital=$63,000

Preferred Stock=$100,000

Dividends on Common Stock=$23,000

Dividends on Preferred Stock=$15,000

Treasury Stock=$50,000

Retained earnings=$200,000

 

  1. Common Stock has a par value of $5 per share. There are 60,000 shares authorized by the company and 45,000 shares issued and outstanding and 4,000 shares subscribed at $30 a share
  2. Preferred stock is 5% non-cumulative has a par value of $10 a share. 15,000 shares have been authorized and 10,000 are issued and outstanding. 1000 shares have been prescribed at $60 a share.

Answers

Alpha Geek
(8)
Status NEW Posted 20 Apr 2017 09:04 AM My Price 10.00

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Attachments

file 1492679048-d0_d0_d0_quiet_company_2.doc preview (322 words )
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