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Hi! can explain the answer please, thank you! Exercise 13-11 Your answer is partially correct. Try again. The following stockholders' equity accounts, arranged alphabetically, are
Hi! can explain the answer please, thank you!
Exercise 13-11 Your answer is partially correct. Try again. The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Ayayai Corporation at December 31, 2020. Common Stock ($4 stated value) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock (8%, $100 par) Retained Earnings Treasury Stock (10,000 common shares) $1,340,000 275,000 850,000 450,000 1,000,000 120,000 Prepare the stockholders' equity section of the balance sheet at December 31, 2020. (Enter the account name only and do not provide AYAYAI CORPORATION Partial Balance Sheet December 31, 2020 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 450000 Common Stock 1340000 Total Capital Stock Additional Paid-in Capital P! ECES nts AYAYAI CORPORATION Partial Balance Sheet December 31, 2020 Stockholders' Equity Paid-in Capital Capital Stock 450DDD Preferred Stock an) 1340000 Common Stock dy Total Capital Stock Additional Paid-in Capital Paid-in Capital in Excess of Par-Common Stock 850,000 > Paid-in Capital in Excess of Par-Preferred Stock 275000 Total Additional Paid-in Capital > Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings DODIJI Less 120000 Treasury Stock X Total Paid-in Capital and Retained Earnings 1000000
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