The following are selected accounts for the Wicomico Company after all Fiscal Year December 31, 2018, adjusting entries & closing entries have been posted. All balances are normal.
Question
The following are selected accounts for the Wicomico Company after all Fiscal Year December 31, 2018,
adjusting entries & closing entries have been posted. All balances are normal.
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
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
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