Question
here is a list of options to use for the blanks: Bonds Payable Buildings Cash Common Stock Common Stock Dividend Distributable Debt Investments Dividends Payable
here is a list of options to use for the blanks: Bonds Payable Buildings Cash Common Stock Common Stock Dividend Distributable Debt Investments Dividends Payable Discount on Bonds Payable Equipment Equity Equity Investments Income Summary Land Legal Fees Expense No Entry Organization Expense Paid-in Capital from Treasury Stock Paid-in Capital in Excess of Par - Common Stock Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Stated Value - Common Stock Preferred Stock Property Dividends Payable Retained Earnings Treasury Stock Unamortized Bond Issue Costs Unrealized Holding Gain or Loss - Income
Prepare the stockholders equity section for Pharoah Company at December 31, 2018 this is stock holder's equity sheet.
Problem 15-3 Pharoah Company has two classes of capital stock outstanding: 896, $20 par preferred and $5 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 159,600 shares Common Stock, 1,970,000 shares Pald-in Capital in Excess of Par-Prefered Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 3,192,000 9,850,000 193,000 27,534,000 4,424,000 The following transactions affected stockholders equity during 2018. Jan. 129,100 shares of preferred stock issued at $22 per share. Feb.1 47,100 shares of common stock issued at $20 per share. June 1 2-for-1 stock split (par value reduced to $2.50) July 1 32,500 shares of common treasury stock purchased at $11 per share. Pharoah uses the cost method. Sept. 15 10,400 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 46t per share is declared. Dec. 3 Net income is $2,112,000. Prepare the stockholders equity section for Pharoah Company at December 31, 2018. (Enter account name only and do not provide descriptive information) PHAROAH COMPANY Stockholders EquityStep by Step Solution
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