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Develop Stockholders' Equity Nash Company has the following accounts among the items on the balance sheet at January 1, 2014: Common Stock, $10 par, 11,000
Develop Stockholders' Equity | ||
Nash Company has the following accounts among the items on the balance sheet at January 1, 2014: | ||
Common Stock, $10 par, 11,000 shares authorized, 9,050 issued, 8,075 outstanding Preferred Stock, $100 par, 9%, cumulative, 850 shares authorized, issued, and outstanding | ||
Retained Earnings | $99,000 | |
Additional Paid-In Capital | 196,500 | |
Treasury Stock, 975 shares, common stock | 19,500 | |
During 2014, the company issued 425 shares of common stock at $12 per share and reissued 500 shares of treasury stock at $20 per share. The company reported a net income of $56,300 for 2014. | ||
Required: | ||
Hide | ||
Develop the Stockholders' Equity section for Nash Company at December 31, 2014. | ||
Nash Company | ||
Partial Balance Sheet | ||
December 31, 2014 | ||
Stockholders' equity | 94750 | |
Common Stock | 85000 | |
Preferred Stock | ? | |
Additional Paid in Capital | ? | |
Total Contributed Capital | ? | |
Retained Earnings | ? | |
Less: Treasury Stock | ? | |
Total stockholder's equity | ? |
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