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Coronado Corporations post-closing trial balance at December 31, 2025, is as follows. CORONADO CORPORATION Post-Closing Trial Balance December 31, 2025 Dr. Cr. Accounts payable $109,100
Coronado Corporations post-closing trial balance at December 31, 2025, is as follows.
CORONADO CORPORATION
Post-Closing Trial Balance
December 31, 2025
Dr. Cr.
Accounts payable $109,100
Accounts receivable $472,000
Accumulated depreciationbuildings 181,000
Additional paid-in capital in excess
of parcommon 1,364,000
From treasury stock 159,000
Allowance for doubtful accounts 31,000
Bonds payable 330,000
Buildings 1,395,000
Cash 203,000
Common stock ($1 par) 213,000
Dividends payable (preferred stockcash) 3,900
Inventory 525,000
Land 379,000
Preferred stock ($50 par) 500,000
Prepaid expenses 42,000
Retained earnings 298,000
Treasury stock (common at cost) 173,000
Totals $3,189,000 $3,189,000
At December 31, 2025, Coronado had the following number of common and preferred shares.
Common Preferred
Authorized 639,000 60,000
Issued 213,000 10,000
Outstanding 199,000 10,000
The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share.
Prepare the stockholders equity section of Coronados balance sheet at December 31, 2025. (Enter account name only and do not provide descriptive information.)
Coronado Corporations post-closing trial balance at December 31, 2025, is as follows.
CORONADO CORPORATION
Post-Closing Trial Balance
December 31, 2025
Dr. Cr.
Accounts payable $109,100
Accounts receivable $472,000
Accumulated depreciationbuildings 181,000
Additional paid-in capital in excess
of parcommon 1,364,000
From treasury stock 159,000
Allowance for doubtful accounts 31,000
Bonds payable 330,000
Buildings 1,395,000
Cash 203,000
Common stock ($1 par) 213,000
Dividends payable (preferred stockcash) 3,900
Inventory 525,000
Land 379,000
Preferred stock ($50 par) 500,000
Prepaid expenses 42,000
Retained earnings 298,000
Treasury stock (common at cost) 173,000
Totals $3,189,000 $3,189,000
At December 31, 2025, Coronado had the following number of common and preferred shares.
Common Preferred
Authorized 639,000 60,000
Issued 213,000 10,000
Outstanding 199,000 10,000
The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share.
Prepare the stockholders equity section of Coronados balance sheet at December 31, 2025. (Enter account name only and do not provide descriptive information.)
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