Question

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

Common Stock ($6 stated value)		$2,052,000
Paid-in Capital in Excess of Par—Preferred Stock		285,000
Paid-in Capital in Excess of Stated Value—Common Stock		920,000
Preferred Stock (8%, $104 par)		572,000
Retained Earnings		1,120,000
Treasury Stock (11,500 common shares)		138,000

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.)

Answer 1

• Requirement

Balance Sheet - Partial
at Dec 31, 2017
Stockholder's Equity
Capital Stock - Paid in Capital:
Common Stock	$      2,052,000.00
Preferred Stock	$          572,000.00
Total		$     2,624,000.00
Additional Paid in Capital:
Paid in Capital in excess of Par Preferred Stock	$          285,000.00
Paid in Capital in excess of Stated Value Common Stock	$          920,000.00
Total Additional Paid in Capital		$     1,205,000.00
		$     3,829,000.00
Retained Earnings		$     1,120,000.00
Paid in Capital & Retained Earnings		$     4,949,000.00
Less: Treasury Stock		$        138,000.00
Total Stockholder's Equity		$     4,811,000.00