Question
Below is a list of accounts and final balances for Quiet Company as of December 31, 2009. Common Stock=$225,000 Long term notes Receivables=$85,000 Bonds Payable=$120,000
Below is a list of accounts and final balances for Quiet Company as of December 31, 2009.
Common Stock=$225,000 | Long term notes Receivables=$85,000 | Bonds Payable=$120,000 | Discount on bonds payable=$45,000 |
Preferred Stock Subscribed= $60,000 | Additional Paid in Capital Common Stock=$850,000 | Additional Paid in Capital Preferred Stock=$20,000 | Common Stock Subscribed=$120,000 |
Goodwill= $38,000 | Investments in Debt Securities=$45,000 | Donated Capital=$63,000 | Preferred Stock=$100,000 |
Dividends on Common Stock=$23,000 | Dividends on Preferred Stock=$15,000 | Treasury Stock=$50,000 | Retained earnings=$200,000 |
- Common Stock has a par value of $5 per share. There are 60,000 shares authorized by the company and 45,000 shares issued and outstanding and 4,000 shares subscribed at $30 a share
- Preferred stock is 5% non-cumulative has a par value of $10 a share. 15,000 shares have been authorized and 10,000 are issued and outstanding. 1000 shares have been prescribed at $60 a share.
Required: Prepare the statement of stockholders Equity in proper format in a Word document.
Module 07 Problem-Template Quiet Company Statemetn of Stockholders Equity 31-Dec-09 Contributed Capital: Preferred Stock, $10 par value XXXX Common Stock, $5 par value, 60,000 shares XXXX Preferred Stock Subscribed, $10 par value XXXX Common Stock Subscribed, $5 par value (4000 shares subscribed at $30) Total Capital Stock Additional Paid in Capital Preferred stock Additional Paid in Capital Common stock Total Paid in Capital Retained Earnings Total Paid in Capital and Retained Earnings Less Treasury Stock XXXX XXXX Total Stockholders Equity XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXStep by Step Solution
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