After closing its books on December 31, Mel Brothers stockholders equity accounts have the following balances:

Common stock subscriptions receivable	$7,000
Common stock, $6 par, 16,000 shares	96,000
Preferred stock, $10 par, 8%, 9,000 shares	90,000
Common stock subscribed, $6 par, 4,000 shares	24,000
Retained earnings	40,000

Required:

Prepare the stockholders equity section of the balance sheet.

After closing its books on December 31, Mel Brothers stockholders equity accounts have the following balances:

Common stock subscriptions receivable	$7,000
Common stock, $6 par, 16,000 shares	96,000
Preferred stock, $10 par, 8%, 9,000 shares	90,000
Common stock subscribed, $6 par, 4,000 shares	24,000
Retained earnings	40,000

Required:

Prepare the stockholders equity section of the balance sheet.

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Accounts, Labels and Amount Descriptions

Accounts
Common stock
Common stock subscribed
Common stock subscriptions receivable
Common treasury stock
Paid-in capital from sale of treasury stock
Paid-in capital in excess of par-common stock
Paid-in capital in excess of par-preferred stock
Preferred stock
Preferred stock subscribed
Preferred stock subscriptions receivable
Retained earnings
Labels
Additional paid-in capital
Paid-in Capital
Amount Descriptions
Total assets
Total expenses
Total liabilities
Total paid-in capital
Total stockholders equity

Prepare the stockholders equity section of the balance sheet.

Balance Sheet Instructions

Mel Brothers

Balance Sheet (Partial)

December 31, 20--

1	Stockholders Equity
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