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Bridgeport Corp. has issued 100,000 shares of $7 par value common stock. It was authorized 500,000 shares. The paid-in capital in excess of par value
Bridgeport Corp. has issued 100,000 shares of $7 par value common stock. It was authorized 500,000 shares. The paid-in capital in excess of par value on the common stock is $261,000. The corporation has reacquired 7,400 shares at a cost of $45,500 and is currently holding those shares. It also had accumulated other comprehensive income of $64,000. The corporation also has 2,600 shares issued and outstanding of 7%, $105 par value preferred stock. It was authorized 10,600 shares. The paid-in capital in excess of par value on the preferred stock is $24,000. Retained earnings is $392,000. Prepare the stockholders' equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) BRIDGEPORT CORP. Balance Sheet (Partial) Stockholders' Equity Paid-in Capital Capital Stock Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Total Capital Stock 700,000 261,000 961.00 Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings v Accumulated Other Comprehensive Income 273,000 24,000 Less : Treasury Stock Total Stockholders' Equity S 961,00 1,258,0 2.219.0 3920 2,611,0 64.C (45,500) 2.629.5
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