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Chapter 13 Problem Set A Problem 13-1 Given the list of headings, subheadings, account names and amounts below for Egress Company, create the Statement of
Chapter 13 Problem Set A Problem 13-1 Given the list of headings, subheadings, account names and amounts below for Egress Company, create the Statement of Retained Earnings and the Stockholders' Equity section of the Balance Sheet. You must calculate the dollar amounts for Common Stock and Preferred Stock. This is for the 34 quarter of 2020, July 1-Sept. 30. 250,000 7,000 APIC - Common Stock APIC --Preferred Stock Common Stock, $5 stated value, 200,000 shares authorized, 150,000 shares issued, 140,000 shares outstanding Dividends Net Income Preferred Stock, 6%, $25 par value, 10,000 shares authorized, 1.500 shares issued and outstanding Retained Earnings, June 30, 2020 Total Liabilities Treasury Stock 12.000 65,000 345,000 1,450,000 75,000
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