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Exercise 15-17 Windsor Corporation's post-closing trial balance at December 31, 2017, is shown as follows. WINDSOR CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr. -
Exercise 15-17 Windsor Corporation's post-closing trial balance at December 31, 2017, is shown as follows. WINDSOR CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr. - Cr. $ 514,600 $ 470,000 168,000 1,230,000 164,000 28,000 286,000 Accounts payable Accounts receivable Accumulated depreciation-buildings Additional paid-in capital in excess of par-common From treasury stock Allowance for doubtful accounts Bonds payable Buildings Cash Common stock ($1 par) Dividends payable (preferred stock-cash) Inventory Land Preferred stock ($50 par) Prepaid expenses Retained earnings 1,537,000 199,000 196,000 4,400 550,000 393,000 450,000 41,000 328,000 328,000 Retained earnings Treasury stock (common at cost) Totals 179,000 $3,369,000 $3,369,000 At December 31, 2017, Windsor had the following number of common and preferred shares. Common Preferred Authorized Issued Outstanding 588,000 196,000 181,000 54,000 9,000 9,000 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 Windsor's balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information.) WINDSOR CORPORATION Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 3 used
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