The following are selected accounts for the Company after all Fiscal Year December 31, 2018, adjusting entries & closing entries have been posted. All balances are normal.
The following are selected accounts for the Company after all Fiscal Year December 31, 2018, adjusting
entries & closing entries have been posted. All balances are normal.
Prepare only the Stockholder’s Equity section of the Classified Balance Sheet for the year end. Be sure to use a good format, dollar signs and single underlines were required. There are a few extra lines in the formatted input answer form to allow for acceptable balance sheet format variations.
Account
Amount
Common Stock, $10 par
$260,000
Treasury Stock, at cost $16 per share
32,000
Dividends Payable
13,000
Paid in Capital in excess of par, Common Stock
52,000
Accounts Receivable
24,500
Retained Earnings
217,000
Bonds Payable
150,000
Preferred Stock, $100 par, 4% cumulative
100,000
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