2. Door Company has 2 classes of common stock. Only the class A common stockholders are entitled to vote.

Stockholders' Equity (partial balance sheet)
Capital stock...
Class A common stock, voting, $4 par value, authorized,
issued and outstanding 1,175,000 shares:	$4,700,000
Class B common stock, nonvoting, no par value, authorized,
issued, and outstanding 45,600,000 shares:	11,100,000
	15,800,000 (total)
Additional paidin capital	2,097,000
Retained earnings	867,233,000
Total stockholders' equity	$885,130,000 (total)

Requirement A: Record the issuance of the class A common stock for cash. Use the Door account titles (additional paid in capital, cash, class A common stock, class B common stock, retained earnings)

ACCOUNTS DEBITS CREDITS

__________ ______ _______

Requirement B: Record the issuance of the class B common stock for cash. Use the Door account titles.

ACCOUNTS DEBITS CREDITS

__________ ______ _______

Requirement C: How much of Door's stockholders' equity was contributed by the stockholders? How much was provided by profitable operations? Does this division of equity suggest that the company has been successful?

The stockholders contributed $_____ to stockholders' equity and $____ was provided by profitable operations. This division suggests that the company ____ (has, has not) been successful because most of its stockholders' equity has come from ______ (the stockholders, profitable operations).

Requirement 4: Write a sentence to describe what Door Company's stockholders' equity means.

Door's stockholders' equity of $____ means that the company's stockholders own $____ of the business's assets.