the following stockholders equity accounts arranged alphabetically are in the ledger 535285
The following stockholders” equity accounts, arranged alphabetically, are in the ledger of Patel Corporation at December 31, 2012.
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the following stockholders equity accounts arranged alphabetically are in the ledger 535285
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|
Common Stock ($2 stated value) |
$1,600,000 |
|
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 |
|
Preferred Stock (8%, $100 par, noncumulative) |
600,000 |
|
Retained Earnings |
1,334,000 |
|
Treasury Stock—Common (12,000 shares) |
72,000 |
Instructions
Prepare the stockholders” equity section of the balance sheet at December 31, 2012.
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