Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Account Credit Balance Common Stock, $10 par $50,500 Bonds Payable (due 2020) 133,000 Additional Paid-in Capital on Preferred Stock 37,500 Retained Earnings 210,000 Premium on

Account Credit Balance
Common Stock, $10 par $50,500
Bonds Payable (due 2020) 133,000
Additional Paid-in Capital on Preferred Stock 37,500
Retained Earnings 210,000
Premium on Bonds Payable 13,500
Unearned Rent 4,800
Preferred Stock, $100 par $64,700
Additional Paid-in Capital on Common Stock 56,900
Unfunded Accrued Pension Cost 19,500
Treasury Stock (cost) (5,100) debit
Accumulated Other Comprehensive Income 7,800

Required:

Prepare the shareholders' equity section of Graf's 2019 ending balance sheet.

GRAF CORPORATION Shareholders' Equity Section of Balance Sheet December 31, 2019
Contributed Capital:

Select: Accumulated other comprehensive income, Bonds payable (due 2020), Preferred stock, $100 parPremium on bonds payable, Unfunded accrued pension cost

$Put.in.price.amount

Select: Common stock, $10 par, Premium on bonds payable, Retained earnings, Treasury stock (at cost), Unearned rent

Select: Bonds payable (due 2020), Premium on bonds payable, Premium on preferred stock, Premium on treasury stock, Unfunded accrued pension cost

Select:Accumulated other comprehensive income, Bonds payable (due 2020), Premium on common stock, Retained earnings, Treasury stock (at cost)

Total contributed capital $

Select:Additional paid-in capital common stock, Bonds payable (due 2020), Retained earnings, Treasury stock (at cost), Unfunded accrued pension cost

Select:Accumulated other comprehensive income, Common stock, $10 par, Preferred stock, $100 par, Unearned rent, Unfunded accrued pension cost

Total $

Select: Less: Bonds payable (due 2020), Less: Premium on bonds payable, Less: Premium on common stockLess: Treasury stock (at cost), Less: Unfunded accrued pension cost

Total Shareholders' Equity $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Principles Of Accounting II

Authors: Eric W. Noreen, Peter C. Brewer, Ray H. Garrison

6th Edition

0077681258, 978-0077681258

More Books

Students also viewed these Accounting questions

Question

Draw a labelled diagram of the Dicot stem.

Answered: 1 week ago