Question
Fechter Corporation had the following stockholders equity accounts on January 1, 2017: Common Stock ($5 par) $537,500, Paid-in Capital in Excess of ParCommon Stock $177,060,
Fechter Corporation had the following stockholders equity accounts on January 1, 2017: Common Stock ($5 par) $537,500, Paid-in Capital in Excess of ParCommon Stock $177,060, and Retained Earnings $112,730. In 2017, the company had the following treasury stock transactions. Mar. 1 Purchased 6,940 shares at $8 per share. June 1 Sold 1,330 shares at $13 per share. Sept. 1 Sold 1,390 shares at $11 per share. Dec. 1 Sold 1,070 shares at $7 per share.
Prepare the stockholders equity section for Fechter Corporation at December 31, 2017.
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Principles Of Financial Accounting Ch 1 17
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
0077370457, 9780077370459
