Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Allowance for Doubtful Accounts Bad Debt Expense Buildings Cash Cash Dividends Common Stock Common Stock Dividends Distributable Depreciation Expense Dividends Payable Income Summary Income Tax Expense Income Taxes Payable Land No Entry Other Operating Expenses Paid-in Capital in Excess of Par Value-Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock Retained Earnings Service Revenue Stock Dividends Supplies Supplies Expense Treasury Stock Unearned Service Revenue

Problem 11-6A On January 1, 2014, Kessler Inc. had these stockholders' equity balances. Common stock, $1 par (2,326,400 shares authorized, 616,700 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings During 2014, the following transactions and events occurred. 1. Issued 50,100 shares of $1 par value common stock for $5 per share 2. Issued 61,100 shares of common stock for cash at $6 per share. 3. Purchased 15,800 shares of common stock for the treasury at $3.70 per share. 4. Declared and paid a cash dividend of $180,800. 5. Earned net income of $413,900 $616,700 1,4 93,000 684,400