Question: Teller Corporations post-closing trial balance at December 31, 2014, was as follows. At December 31, 2014, Teller had the following number of ordinary and preference

Teller Corporation’s post-closing trial balance at December 31, 2014, was as follows.

                                Teller Corporation’s post-closing trial balance at December 31, 2014, was as follows. 

At December 31, 2014, Teller had the following number of ordinary and preference shares.

                                                                      

The dividends on preference shares are $4 cumulative. In addition, the preference shares have a preference in liquidation of $50 per share.

Instructions
Prepare the equity section of Teller’s statement of financial position at December 31, 2014.

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