Question
Do It! Review 11-4a Novak Corp. has issued 105,000 shares of $4 par value common stock. It was authorized 499,000 shares. The paid-in capital in
Do It! Review 11-4a Novak Corp. has issued 105,000 shares of $4 par value common stock. It was authorized 499,000 shares. The paid-in capital in excess of par value on the common stock is $261,000. The corporation has reacquired 6,400 shares at a cost of $48,000 and is currently holding those shares. It also had accumulated other comprehensive income of $69,500. The corporation also has 1,400 shares issued and outstanding of 9%, $105 par value preferred stock. It authorized 10,400 shares. The paid-in capital in excess of par value on the preferred stock is $26,900. Retained earnings is $378,000. Prepare the stockholders equity section of the balance sheet. (Enter account name only and do not provide descriptive information.) NOVAK CORP. Balance Sheet (Partial) select an opening section name select an opening subsection name select an opening name for the subordinate part 1 enter a balance sheet item $enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for the subordinate part 1 $enter a subtotal of the two previous amounts select an opening name for the subordinate part 2 enter a balance sheet item enter a dollar amount enter a balance sheet item enter a dollar amount select a closing name for the subordinate part 2 enter a subtotal of the two previous amounts select a closing subsection name enter a subtotal amount for this subsection enter a balance sheet item enter a dollar amount select a summarizing line for this part of the statement enter a subtotal of the two previous amounts enter a balance sheet item enter a dollar amount select between addition and deduction: enter a balance sheet item enter a dollar amount select a closing section name $enter a total amount for this section.
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