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As of December 31, 20X1, information for the stockholders equity accounts of Frontier Company was as follows: Common Stock, $1 par (800,000 shares authorized, 30,000
As of December 31, 20X1, information for the stockholders equity accounts of Frontier Company was as follows: | ||||
Common Stock, $1 par (800,000 shares authorized, 30,000 shares issued) | ||||
Paid-In Capital in Excess of ParCommon Stock $200,000 | ||||
Common Treasury Stock (1,000 shares at $15 per share) | ||||
Preferred Stock, 5%, $15 par (10,000 shares authorized, 1,500 shares issued) | ||||
Paid-In Capital in Excess of ParPreferred Stock $70,000 | ||||
Preferred Stock Subscribed (1,000 shares) | ||||
Retained Earnings $400,000 | ||||
Required: Based on the above information, prepare the stockholders equity section of Frontier Companys balance sheet as of December 31, 20X1 | ||||
Frontier Company | ||||
Balance Sheet (partial) | ||||
Complete Date | ||||
Stockholders Equity | ||||
Paid-In Capital: | ||||
$ - | ||||
$ - | $ - | |||
$ - | ||||
Additional Paid-In Capital: | ||||
$ - | ||||
$ - | $ - | |||
$ - | ||||
$ - | ||||
$ - | ||||
$ - | ||||
Total Stockholders Equity | $ - | |||
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