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I just got those answers from one of the chegg experts, but it is not fully correct. Can someone help me, I need it for
I just got those answers from one of the chegg experts, but it is not fully correct. Can someone help me, I need it for tonight please?? ES Exercise 14-11 Your answer is partially correct. Try again. The following accounts appear in the ledger of Horner Inc. after the books are closed at December 31 Common Stock, no par, $2 stated value, 401,000 shares authorized; 298,000 shares issued s 596,000 ady Common Stock Dividends Distributable 33.500 Paid-in Capital in Excess of Stated Value-Common Stock 110,000 Preferred Stock, $6 par value, 8 % , 41,5S00 shares authorized; 25,000 shares issued 150,000 Retained Eamings 762,000 Treasury Stock (14,000 common shares) Paid-in Capital in Excess of Par-Preferred Stock 99,400 350,000 Prepare the stockholders' equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount of $120,000. (Enter account name only and do not provide descriptive information.) HORNER INC Balance Sheet (Partial) December 31, 20xx Stockholders' Equity Paid-in Capital Capital Stock veson 424 154 wiey & Sens.Jac All Rights Reserved A Diision of Jahn elsy.A Sos Ins Provacy Peiicy 2000-2019 Prepare the stockholders equity section at December 31, assuming retained earnings is restricted for plant expansion in the amount of $120,000. (Enter account name only and do not provide descriptive information.) HORNER INc. Balance Sheet (Partial). December 31, 20xx Stockholders Equity Paid-in Capital Capital Stock Preferred stock, $6 par value, 8 %, 41500 shares 150000 596000 Common Stock (33500) Common Stock Dividends Distributable 562500 712500 Total Capital Stock Additional Paid-in Capital 350000 Paid-in Capital in Excess of Par-Preferred Stock es424.4A A 2000-2019 John wiey &Ase0sfoc. Al Rights Resereed A Disen of bo vacy Bolicy 1 Common Stock Dividends Distributable (33500) 562500 Total Capital Stock 712500 Additional Paid-in Capital Paid-in Capital in Excess of Par-Preferred Stock 350000 110000 Paid-in Capital in Excess of Stated Value-Commor 460000 Total Additional Paid-in Capital 1172500 Total Paid-in Capital 762000 Retained Eamings 1934500 Total Paid-in Capital and Retained Earnings (99400) Treasury Stock Less t 1835100 Total Stockholders Equity eson424
I just got those answers from one of the chegg experts, but it is not fully correct. Can someone help me, I need it for tonight please??
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